Match the following financial concepts with their definitions:
| LIST-I | LIST-II |
|---|---|
| A. Capital Asset Pricing Model (CAPM) | I. A model that describes the relationship between systematic risk and expected return for assets. |
| B. Arbitrage Pricing Theory (APT) | II. A multi-factor model that explains asset returns based on various macroeconomic factors. |
| C. Efficient Market Hypothesis (EMH) | III. The theory that stock prices reflect all available information and are thus always fairly priced. |
| D. Dividend Discount Model (DDM) | IV. A valuation method that estimates the value of a stock by calculating the present value of its expected future dividends. |
1
A - I, B - II, C - III, D - IV
2
A - II, B - I, C - III, D - IV
3
A - III, B - IV, C - II, D - I
4
A - IV, B - III, C - I, D - II