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Risk Free Rate for Multi Factor Models vs Build Up Models

Is my understanding correct?  Below is what I’m seeing on mocks.  I think knowing this concept will be good for a point or two on the exam.

Multi-Factor Models (have Betas): Use Short-Term Risk Free Rate

Build Up Models (No Betas): Use Long-term Risk Free Rate

"Using Wiley for my CFA journey was by far the best option… I was able to pass on my first attempt.”– Moe E., Canada



And long-term rate for CAPM and expanded CAPM correct?

Also correct. And to be clear, multi-factor models includes Fama-French, Carhart, Pastor-Stambaugh as well