If a stock price were mean reverting or followed a path-dependent process, then there would be market

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If a stock price were mean reverting or followed a path-dependent process, then there would be market inefficiency. Why is there not a market inefficiency when the short-term interest rate does so?

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Options Futures And Other Derivatives

ISBN: 9780130090560

5th Edition

Authors: John C. Hull

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Question Posted: Oct 18, 2024 07:03 AM

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If a stock price were mean reverting or followed a path-dependent process, then there would be market inefficiency. Why is there not a market inefficiency when the short-term interest rate does so?
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If a stock price were mean reverting or followed a path-dependent process, then there would be market

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Options Futures And Other Derivatives

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