Explain the concepts of liquidity and arbitrage in the context of efficient markets. Explain the market conditions under which fundamental analysis can lead to abnormal return. In what sense are the financial claims of FIs considered secondary securities, while the fin...
Explain the concepts of liquidity and arbitrage in the context of efficient markets. Explain the market conditions under which fundamental analysis can lead to abnormal return. In what sense are the financial claims of FIs considered secondary securities, while the financial ...