Define two limits to arbitrage, and explain why these might explain the lengthy existence of efficient securities

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Define two limits to arbitrage, and explain why these might explain the lengthy existence of efficient securities market anomalies such as post- announcement drift and the accruals anomaly.

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Financial Accounting Theory

ISBN: 978-0132984669

7th edition

Authors: William R. Scott

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Question Posted: Sep 09, 2014 10:53 AM

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Define two limits to arbitrage, and explain why these might explain the lengthy existence of efficient securities

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Financial Accounting Theory

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