An analyst does research about market efficiency. Which of the following statements least likely explains why a market mispricing may persist（）
A: Arbitrage is encouraged to produce riskless profits.
B: A price discrepancy is insufficient large to leave the investor with a profit.
C: Short selling is limited or restricted.
A: Arbitrage is encouraged to produce riskless profits.
B: A price discrepancy is insufficient large to leave the investor with a profit.
C: Short selling is limited or restricted.
举一反三
- An analyst does research about market efficiency. Which of the followings is most likely used to test the semi-strong form efficient market hypothesis（） A: Event studies. B: Serial correlation in security return. C: Trading on nonpublic information.
- An analyst does research about difference between forward market and future market. Compared with contracts in the forward market, contracts in the futures market are least likely to be appropriately described as transactions that are:（） A: public. B: customized according to the counterparts' requests. C: based on an agreement to buy or sell an underlying asset at a future date at a price agreed on today.
- An arbitrage opportunity is least likely to be exploited when: A: one position is illiquid. B: the price differential between assets is large. C: the investor can execute a transaction in large volumes.
- An analyst does research about factors affecting potential GDP. Which of the following will most likely increase potential GDP（） A: Increase the price level. B: Increase the human capital. C: Decrease money wage rate.
- 中国大学MOOC: Which of the following is least likely to be a reason for seeking a stock market flotation?