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What is Arbitrage Pricing Theory? Explain the importance of security market line in pricing of securities.

What is Arbitrage Pricing Theory? Explain the importance of security market line in pricing of securities.

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Arbitrage Pricing Theory APT is a financial theory that seeks to explain the relationship between the expected return on a security and its risk Developed by economist Stephen Ross in the 1970s APT po... blur-text-image

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