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Arbitrage is based on the idea that _ _ _ _ _ _ _ _ _ _ blank. Multiple Choice assets with identical risks must
Arbitrage is based on the idea that blank.
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assets with identical risks must have the same expected rate of return
securities with similar risk should sell at different prices
the expected returns from equally risky assets are different
markets are perfectly efficient
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Public Finance
Authors: Harvey Rosen
6th International Edition
0071121234, 978-0071121231
