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  • June 2005 (Revised October 2007)
  • Background Note
  • HBS Case Collection

The Law of One Price

By: Joshua D. Coval, Erik Stafford, Rodrigo Osmo, John Jernigan, Zack Page and Paulo Passoni
  • Format:Print
  • | Pages:5 
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Abstract

Demonstrates the Law of One Price in practice. Using synthetic securities, students should observe opportunities to earn profits when spreads emerge between portfolios that offer identical payoffs. Uses separate uptick financial simulation software.

Keywords

Price

Citation

Coval, Joshua D., Erik Stafford, Rodrigo Osmo, John Jernigan, Zack Page, and Paulo Passoni. "The Law of One Price." Harvard Business School Background Note 205-079, June 2005. (Revised October 2007.)
  • Educators

About The Authors

Joshua D. Coval

Finance
→More Publications

Erik Stafford

Finance
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More from the Authors

    • 2019
    • Faculty Research

    Do Banks Have an Edge?

    By: Juliane Begenau and Erik Stafford
    • December 2017
    • Journal of Political Economy

    Reply: Do Powerful Politicians Really Cause Corporate Downsizing?

    By: Lauren Cohen, Joshua D. Coval and Christopher J. Malloy
    • 2015
    • Faculty Research

    Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting

    By: Erik Stafford
More from the Authors
  • Do Banks Have an Edge? By: Juliane Begenau and Erik Stafford
  • Reply: Do Powerful Politicians Really Cause Corporate Downsizing? By: Lauren Cohen, Joshua D. Coval and Christopher J. Malloy
  • Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting By: Erik Stafford
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