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Quotes of the day:
Stay away from needle drugs. Richard Nixon is the only dope worth shooting.
Arbitrage is the purchase and sale of an asset in order to profit from a difference in the asset’s price between markets. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies and would therefore not exist if all markets were perfectly efficient.
Arbitrage basics | Finance & Capital Markets | Khan Academy
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