问题如下:
Which of the following is not a result of arbitrage?
选项:
A.Convergence of prices.
B.Market efficiency.
C.The law of similar prices.
解释:
C is correct. Arbitrage forces the prices to converge, thus market efficiency improves. The law of one price is the result of arbitrage, not the law of similar prices.
convergence 是啥意思来着..哪课的呀