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29. The Arbitrage Pricing Theory (APT) model: a. allows investors to arbitrage profits b. is limited in usefulness due to unknown factors. c. was one
29. The Arbitrage Pricing Theory (APT) model: a. allows investors to arbitrage profits b. is limited in usefulness due to unknown factors. c. was one of the first models developed by Harry Markowitz d. is a good forecasting model, because the factors are completely independent (orthogonal) e. is illegal in most countries
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