Question
Which of the following options could explain the existence and persistence of patterns of risk-adjusted returns, assuming that returns are correctly adjusted for risks? a.
Which of the following options could explain the existence and persistence of patterns of risk-adjusted returns, assuming that returns are correctly adjusted for risks?
a.
Limits to arbitrage.
b.
Limits to arbitrage and transaction costs.
c.
None of the options provided.
d.
Behavioural biases.
e.
Behavioural biases and limits to arbitrage.
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
