It takes the average reader and 36 minutes to read Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume by Mr.Charles Frederick Kramer
Assuming a reading speed of 250 words per minute. Learn more
The relationship of stock returns and trading volume is the focus of much recent interest. I examine an economic model of a rational trader who operates in a market with transactions costs and noise trading. The level of trading affects the rational trader’s marginal cost of transacting; as a result, trading volume is a source of risk. This engenders an equilibrium relationship between returns and volume. The model also provides a simple way to scrutinize this relationship empirically. Empirical evidence supports the implications of the model.
Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume by Mr.Charles Frederick Kramer is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume aloud.
Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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