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Limits to arbitrage means that... Select one alternative: Behavioural biases can persist in the market despite the existence of rational investors. Arbitrage strategies are always

image text in transcribed Limits to arbitrage means that... Select one alternative: Behavioural biases can persist in the market despite the existence of rational investors. Arbitrage strategies are always profitable. Behavioural biases cannot persist in the market despite the existence of non-rational investors. Arbitrage strategies can never be profitable

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