Previous Page Next Page Page 27 of 30 Question 27 (1 point) Consider the single factor APT. Portfolio A has a beta of 1.4 and an expected return of 24%. Portfolio B has a beta of 0.7 and an expected return of 20%. The risk-free rate of return is 4%. If you wanted to take advantage of an arbitrage opportunity, you should take a short position in portfolio........ ... and a long position in portfolio Short A: Short B Short A; Long B Long A: Short B Can't be determined with information given