- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 3. Market Efficiency
- Subject 1. The Concept of Market Efficiency
CFA Practice Question
An arbitrage opportunity would yield a profit based on a ______.
B. net investment of $0
C. high level of risk
A. net investment of $5
B. net investment of $0
C. high level of risk
Correct Answer: B
By definition, arbitrage requires no net investment.
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