• 日期: 2027-12-22
  • 标签: 常规

Under the Kyle (1985) model equilibrium and all else being equal, the informed trader's trading demand decreases with:

a. The uninformed traders' realized trading demand b. The informed trader's information advantage c. The change in the fundamental value of the stock d. Other e. The number of dealers in the market

a. The uninformed traders' realized trading demand


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