State what the arbitrage pricing theory (APT) equation means and what the empirical evidence says about the
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State what the arbitrage pricing theory (APT) equation means and what the empirical evidence says about the APT. You also should be able to use your understanding of the APT equation to form arbitrage portfolios when the equation is violated.
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Financial Markets And Corporate Strategy
ISBN: 9780077119027
1st Edition
Authors: David Hillier, Mark Grinblatt, Sheridan Titman
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