A preliminary examination of the no arbitrage property in the Canadian security market
This paper examines the empirical implications of the no arbitrage property using the Canadian common stock security market. In addition, an alternative security risk measure to the market "beta" is introduced and tested. The model for testing is derived from the state preference model wh...
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| Language: | English |
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University of British Columbia
2010
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| Online Access: | http://hdl.handle.net/2429/24500 |