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Size Effects in the Pricing of Large Orders

Kadiyala, Padma - 2019

Large orders for corporate bonds get preferential treatment unlike large orders for stocks on the NYSE. A structural explanation, namely, that the corporate bond market is dealer-dominated has been offered for the favorable pricing. In this paper, we offer an additional explanation, namely, that...

Persistent link: https://www.econbiz.de/10012905583

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Optimal financial education

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