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Question $14(1$ point$)$

Which one of the following statements with respect to arbitrage is true?

a$)$ Investors engaging in arbitrage will purchase a security at the higher price, driving its price downward.

b$)$ Investors engaging in arbitrage will sell a security at the higher price, driving its price upward.

c$)$ Investors engaging in arbitrage will sell a security at the lower price, driving the price upward.

$$ d$)$ Investors engaging in arbitrage will purchase a security at its lower price, driving its price upward.