Risk Free Rate for Multi Factor Models vs Build Up Models

CFA Level II Equities
#1

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

#2

Correct.

#3

Correct.

#4

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

#5

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