Ross developed the arbitrage pricing theory (APT) in 1976, while French-Fama followed in 1996

with yet another approach that has become known as the Three Factor Model (FF). Develop a

three-slide PowerPoint presentation that differentiatesand labelsmultifactor model forms

versus a single factor form; articulates the meaning of "arbitrage" in this case (with an numerical

example); and generalizes how possibly to employ FF today in an active portfolio and in a 50-

security portfolio benchmarked to the S&P 500.