n the context of financial markets, what role does noise$-$trader risk play, and how can it affect the effectiveness of arbitrage opportunities?

A$.$

Noise$-$trader risk has minimal impact on arbitrage opportunities and market dynamics.

B$.$

Noise$-$trader risk contributes to market efficiency by ensuring accurate price discovery.

C$.$

Arbitrage opportunities persist despite noise$-$trader risk due to efficient market mechanisms.

D$.$

Noise$-$trader risk introduces uncertainty and influences market dynamics, limiting the effectiveness of arbitrage opportunities.