Question 2 With reference to literature and empirical studies, critically evaluate the practicality of applying Capital Asset Pricing Model in investment decisions, from both the individual investors and corporate perspectives. Word limit: 2,000 words (at least 20 references) • Start with what is CAPM • What is the assumption • Read more than 20 articles • What study conducted on CAPM • Can it be use for investment decision? • Do they really use it? Why or why not? • Read journals on applied finance/corporate finance/financial economics