问题
单项选择题
Which of the following statements concerning the persistence of pricing anomalies is least likely to be correct()
A. A lack of liquidity may cause transactions costs to exceed the profit potential of the anomaly.
B. Trading restrictions may preclude the establishment of the positions required to exploit an anomaly.
C. The capital required to exploit an anomaly is often not available.
答案
参考答案:C
解析:
If an anomaly exists and is exploitable, the lack of capital is not a likely explanation for its persistence. The other statements all reflect valid rationales for why mispricing can persist.