Why would you expect positive excess returns from a risk arbitrage strategy? Why wouldn't market efficiency prevent
Fantastic news! We've Found the answer you've been seeking!
Question:
Why would you expect positive excess returns from a risk arbitrage strategy? Why wouldn't market efficiency prevent such profits from persisting?
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
Posted Date: