Cht 10 T&D

• Economics and Business
• Discipline of Finance
• FINC3014 - Trading and Dealing in Security Markets

Resource Sample

Chapter 10 INFORMED TRADERS AND MARKET EFFICIENCY Informed Traders (I.T) Speculators who acquire and act on information about fundamental values Use publicly available info to make their decision Fundamental Value PV of future expected cash flows WACC Market value = fundamental value + noise - price at which you can buy and sell an instrument Informed Traders: - Buy undervalues securities - Sell overvalued securities Informed Traders profit by MEAN REVERSION Prices will return back to their fu...

Resource Topics

• Arbitrage
• Day trading
• Economics
• Efficient-market hypothesis
• Finance
• Financial economics
• Financial markets
• Futures contract
• Law
• Scalping
• Speculation

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