The Arbitrage Pricing Theory Which of the following statements about the Arbitrage Pricing Theory (APT) are correct? Check al that apply. The APT identifies all relevant factors that affect the realized returns on stocks. The APT is more general than the capital Asset Pricing Model (CAPM). The APT maintains that the realized return on any stock depends on changes unique to the firm. The APT model maintains that the realized returns on stocks depend on unexpected changes in fundamental economic factors