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by clairity
1438 days ago
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to nitpick, neither yield outpacing costs nor PE is arbitrage. arbitrage is structurally zero-risk, while those other cases have relatively small but non-zero risk, since yield, costs, interest rates, regulations, etc. can change over the lifetime of the deal. arbitrage generally happens due to a mispricing and an opportunity to buy and sell at (approximately) the same time. |
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