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Cited by (0)
- ∗
We wish to thank Paul Fellows, Narayana Kocherlakota, Paul Schultz, Richard Stevenson, Susan Watts, Bill Schwert (the editor), and Eugene F. Fama (the referee) for their helpful comments and suggestions. We would like to thank Hans Stoll and Robert Whaley for providing us with their spread data. We gratefully acknowledge the secretarial support of Herring and financial support from the Financial Markets Research Institute at the University of Iowa. Any remaining errors are ours.
Copyright © 1993 Published by Elsevier B.V.