Mayston, Daniel (contributor) - 2006
predictability that
5 A large part of the central predictions of asset pricing theory about risk-neutral valuation
goes back to the … Conditional volatility (squared returns)
d Index of the trading day
h Index of the time of day
i Firm index
l Index of prices in …. From this point of view, liquidity is desirable for any
investor who wishes to buy or sell a security. While liquidity is …