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Black (1971) defines liquidity as the ability to: A.Slowly sell a small amount of stock with a large price impact. B.Slowly sell a large amount
- Black (1971) defines liquidity as the ability to:
- A.Slowly sell a small amount of stock with a large price impact.
- B.Slowly sell a large amount of stock with a small price impact
- C.Quickly sell a large amount of stock with a small price impact
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
