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    Exam 7: Stock Price Behavior and Market Efficiency
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    Arbitrage Traders
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Arbitrage Traders

Question 48

Question 48

Multiple Choice

Arbitrage traders:


A) tend to be well capitalized.
B) tend to be irrational investors.
C) are dominated by irrational investors in an efficient market.
D) lower the efficiency level of a market.
E) sell only relatively inexpensive stocks.

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