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APT (2)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Arbitrage Pricing Theory

A pricing model that seeks to calculate the appropriate price of an asset while taking into account systemic risks common across a class of assets. The APT describes a relationship between a single asset and a portfolio that considers many different macroeconomic variables. Any security with a price different from the one predicted by the model is considered mispriced and is an arbitrage opportunity. An investor may use the arbitrage pricing theory to find undervalued securities and assets and take advantage of them. The APT is considered an alternative to the capital asset pricing model.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
* A new mortgage of $1.3 million was placed by Meridian on a 46 unit, 4 story apt. building on 18th Avenue in Brooklyn, NY.
Benjamin Altergott, 34, of 185 Pleasant St., Apt. 2, Clinton, was arrested by officers Edward Jeffrey Jr.
* A new mortgage of $1.875 million was placed by Meridian on a 44 unit, 6 story apt. building on Kelly Street in the Bronx.
Melvin Bonilla, 23, of 393 Elm St., Apt. 3L, Fitchburg, charged with marked lanes violation, not responsible; driving without a license, responsible, fined $200.
Shelly Perrell, 45, of 70 Southbridge St., Apt., 31770, Worcester, charged with trespassing, found guilty, filed.
* A new mortgage of $5.091 million was arranged by Meridian on a 83 unit, 6 story apt. building on Forest Parkway in Woodhaven, NY.
Jonathan Rivera, 28, of 14 Orient St., Apt. 404, Worcester, charged with driving without a license, to be dismissed upon payment of $50 court costs; failure to signal, not responsible.
Maryellen Cieszynski, 34, of 11 Eddy St., Apt. 2, Webster, charged with possession of heroin; trespassing; continued to Feb.
Thus, the water absorbency can be enhanced with introducing moderate amount of APT. In addition, the framework channels throughout the lattice of APT contain many exchangeable cations (such as [Na.sup.+), [K.sup.+) and [Ca.sup.2+]) (26).
Also joining the customer service department is Sarah Bagby (bottom right) as a new Customer Service Representative for APT. She will be responsible for handling the day-to-day responsibilities of customer's orders, revisions, and other functions.
* A new mortgage of $4.027 million was placed by Meridian on a 42 unit, 6 story apt. building on East 22nd Street in New York City.