Liquidity costs and liquidity risk can affect security pricing. Investors demand compensation for expected costs of illiquidity

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Liquidity costs and liquidity risk can affect security pricing. Investors demand compensation for expected costs of illiquidity as well as the risk surrounding those costs. p-856

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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