Arbitrage and The APT
Arbitrage is the practice of taking positive expected return from overvalued or undervalued securities in the inefficient market without any incremental risk and zero additional investments.
Read more about this topic: Arbitrage Pricing Theory
Famous quotes containing the word apt:
“It is natural to indulge in the illusions of hope. We are apt to shut our eyes to that siren until she “allures” us to our death.”
—Gertrude Stein (1874–1946)
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