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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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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain how the concepts of arbitrage and replication are used in pricing derivatives
CFA® 2024 Level I Curriculum, Volume 5, Module 4.