Stock margins and the condition probability of price reversals

Does the cost of trading affect stock prices? Yes, according to the evidence in this article. The authors find that high costs seem to reduce the frequency of price reversals.

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Year of publication:	2001
Authors:	Kofman, Paul ; Moser, James T.
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2001, Q III, v. 25, no. 3, p. 2-12
Publisher:	Federal Reserve Bank of Chicago
Subject:	Stocks \| Stock - Prices

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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