Arbitrage Pricing Theory

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Arbitrage Pricing Theory is a multi-factor asset pricing model that explains the expected return of a financial asset as a linear function of various macroeconomic risk factors, assuming no arbitrage opportunities in efficient markets.

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Asset Pricing relatedTo Arbitrage Pricing Theory
Stephen A. Ross knownFor arbitrage pricing theory
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Stephen A. Ross notableWork Arbitrage Theory of Capital Asset Pricing
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