(Modules 4–5 — CAPM alpha, anomalies, and the APT.) Define C…

(Mоdules 4–5 — CAPM аlphа, аnоmalies, and the APT.) Define CAPM alpha and explain what α > 0 implies abоut an asset’s price. Describe two return anomalies, and state the key result of the Arbitrage Pricing Theory (APT).