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Basic Question 4 of 15
Any rational price for a financial instrument should ______
B. provide an opportunity for investors to make a profit.
C. be low enough for most investors to afford.
A. provide no opportunity for arbitrage.
B. provide an opportunity for investors to make a profit.
C. be low enough for most investors to afford.
User Contributed Comments 1
| User | Comment |
|---|---|
| chesschh | fortunately for us, financiers, price is not always rational which gives us the opportunity to arbitrage |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe types of financial intermediaries and services that they provide
CFA® 2025 Level I Curriculum, Volume 3, Module 1.