Examlex
All of the following comprise the second line of defense except ______.
Multifactor APT
Multifactor Arbitrage Pricing Theory, a model that describes the relationship between risk and expected return with multiple factors.
Beta
An indicator of the level of fluctuation, or inherent risk, of an asset or collection of assets relative to the overall market.
Zero-Investment Portfolio
A portfolio of zero net value, established by buying and shorting component securities, usually in the context of an arbitrage strategy.
Positive Expected Return
A projection that an investment will yield a return above the initial outlay.
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