Abstract
An is an investment opportunity arbitrage opportunity that is guaranteed not to result in a loss and may (with positive probability) result in a gain. We have remarked that if an arbitrage opportunity exists, then prices will be adjusted to eliminate that opportunity.
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© 2012 Steven Roman
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Roman, S. (2012). An Aperitif on Arbitrage. In: Introduction to the Mathematics of Finance. Undergraduate Texts in Mathematics(). Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3582-2_3
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DOI: https://doi.org/10.1007/978-1-4614-3582-2_3
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Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-3581-5
Online ISBN: 978-1-4614-3582-2
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