The Law of One Price and Arbitrage on China’s Dual-Listings in Hong Kong and New York
Traditionally, arbitrage refers to simultaneously buying and selling the same financial assets by taking advantage of a price difference in two or more markets. However, the strict sense of arbitrage is hardly obtained after consideration the issues concerning transaction costs and time value of mon...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2012
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| Online Access: | https://repo.uum.edu.my/id/eprint/25023/1/IJBF%209%202%202012%2058%2076.pdf |