Demonstrating Arbitrage using Diamonds and the Dow Jones Industrials Index

被引:0
|
作者
Neumann, John J. [1 ]
机构
[1] St Johns Univ, Peter J Tobin Coll Business, New York, NY USA
来源
REVIEW OF BUSINESS | 2007年 / 28卷 / 01期
关键词
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中图分类号
F [经济];
学科分类号
02 ;
摘要
This article leverages the importance of exchange-traded funds by using the relationship between the Dow Jones Industrial Average and of a case with which finance classes can study the concept of arbitrage, the mechanics of DIAMONDS exchange-traded security as the core trading strategies designed to exploit mispricings, and market forces that restore a no-arbitrage condition.
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页码:73 / 84
页数:12
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