单选题 The reasons why a mispricing can persist all relate to the idea that:
  • A. taxes and other transactions costs make exploiting the anomaly prohibitive.
  • B. the size of the available profit is too small.
  • C. an anomaly cannot be quickly exploited by traders or arbitrageurs.
【正确答案】 C
【答案解析】The fundamental reason that mispricing and anomalies can persist is that traders and arbitrageurs are not able to exploit the situation. The other items are possible reasons why traders and arbitrageurs are not able to act.