with The permet of 1723 point expected 21. Suppose that you pore . The ne converting a wine pour a ge ens return of Pompe bed re for APT model ARRA F, where and RF, and RF represent theo factors eer s of t he land enchmark 2. In this economy, there is an free a t the rate of which is zero (15 p .) of Parc Suppor -3% -1.2, 0.8. To construct the arbitrage portfolio by wang rtfolio P. do you need to sell or buy the portfolio Show your arbitrage portfolio (ie. you need provide the weight of required ). For this question, assume that your mount of buying or selling Portfolio Pis one unit. What is your arbitrage profits (in percentagel? 2) Suppose that Portfolio P is not a well-diversified portfolio. Can you implement the same arbitrage trading as in Question 20.1)? Provide your reasons. 3) "No arbitrage principle is the base of such a multi factor model. Why does the APT model have a practical advantage (compared to CAPM)