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Basic Question 2 of 7
The no-arbitrage principle states that ______
II. arbitrage opportunities present themselves regularly.
III. arbitrage profits cannot exist.
I. arbitrage profits must exist in a well-functioning market.
II. arbitrage opportunities present themselves regularly.
III. arbitrage profits cannot exist.
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
explain how the concepts of arbitrage and replication are used in pricing derivatives
CFA® 2025 Level I Curriculum, Volume 5, Module 4.