Why would you expect positive excess returns from a risk arbitrage strategy? Why wouldn't market efficiency prevent

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Why would you expect positive excess returns from a risk arbitrage strategy? Why wouldn't market efficiency prevent such profits from persisting?

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Posted Date: Apr 03, 2024 03:07 AM

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Why would you expect positive excess returns from a risk arbitrage strategy? Why wouldn't market efficiency prevent

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Risk arbitrage also known as merger arbitrage or takeover arbitrage is a trading strategy that seeks to profit from the price differentials between th... View the full answer

Investment Analysis and Portfolio Management

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