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A liquidity premium is the additional return required by investors for holding an asset that cannot be easily converted into cash without a significant loss
A liquidity premium is the additional return required by investors for holding an asset that cannot be easily converted into cash without a significant loss in value, such as the premium on a highly liquid Treasury bond.
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Financial Institutions Investments And Management An Introduction
Authors: Herbert B. Mayo
8th Edition
0324178174, 9780324178173
