6. State what the arbitrage pricing theory (APT) equation means and what the empirical evidence says about

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6. 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: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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