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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe types of financial intermediaries and services that they provide
CFA® 2024 Level I Curriculum, Volume 3, Module 1.