Question: The Arbitrage Pricing Theory (APT) model: Select one: O a. is limited in usefulness due to unknown factors O b. allows investors to arbitrage profits

The Arbitrage Pricing Theory (APT) model: Select one: O a. is limited in usefulness due to unknown factors O b. allows investors to arbitrage profits O c. is a good forecasting model, because the factors are completely independent (orthogonal) O d. was one of the first models developed by Harry Markowitz O e. is illegal in most countries
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