Question: Arbitrage is best described as A . an important tool for managing interest - rate risk. B . the elimination of riskless profit opportunities in

Arbitrage is best described as
A.
an important tool for managing interest-rate risk.
B.
the elimination of riskless profit opportunities in a market
C.
the right to buy or sell a security in the future at a price determined today.
D.
an important tool for managing default risk.

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