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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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Principles Of Econometrics
Authors: R Carter Hill, William E Griffiths, Guay C Lim
5th Edition
1118452275, 9781118452271
