NO.PZ2023040401000036
问题如下:
The law of one price is best described as:
选项:
A.
the true fundamental value of an asset.
B.
earning a risk-free profit without committing any capital.
C.
two assets that will produce the same cash flows in the future must sell for equivalent prices.
解释:
C is correct. The law of one price occurs when market participants engage in arbitrage activities so that identical assets sell for the same price in different markets.
A is incorrect because the law of one price refers to identical assets. B is incorrect because it refers to arbitrage not the law of one price.
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