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- UID
- 222305
- 帖子
- 379
- 主题
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- 注册时间
- 2011-7-2
- 最后登录
- 2015-12-5
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well i think that Schweser/CFAI start with the presumption that markets are efficient. if you buy disstresed debt at 10cents/dollar, there is no value in the equity portion unless you get your par value on the bonds.
of course that does not mean there is no noise trading that can screw you |
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发表于 2011-7-13 16:16
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