Question: What is the Arbitrage Pricing Theory ( APT ) ? A ) A theory that states that security prices adjust quickly to any new information

What is the Arbitrage Pricing Theory (APT)?
A) A theory that states that security prices adjust quickly to any new information
B) A theory that describes how market participants can exploit arbitrage opportunities
C) A theory that explains the relationship between expected returns and systematic risk factors
D) A theory that proposes that the market is always efficient

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