What is the final product of the reaction sequence: 
Definitions:
Arbitrage Opportunities
Situations where a financial instrument, or a combination of financial instruments, can be bought and sold simultaneously in different markets to profit from price discrepancies.
Risk-Free Rate
The return on investment with no risk of financial loss, often represented by the yield on government securities.
Nonsystematic Standard Deviation
A measure of variance in a portfolio's total returns attributable to factors specific to individual securities, as opposed to the market.
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