Two portfolios that will produce exactly the same cash flows in the future must have the same value now....
more on Law of one priceFound on
http://moneyterms.co.uk/i/
The principle that identical goods should sell for the same price throughout the world if trade were free and frictionless.
Found on
http://www-personal.umich.edu/~alandear/glossary/l.html
An economic rule stating that a given security must have the same price no matter how the security is created. If the payoff of a security can be synthetically created by a package of other securities, the implication is that the price of the package and the price of the security whose payoff it replicates must be equal. If it is unequal, an arbitr...
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosl.htm
An economic rule stating that a given security must have the same price regardless of the means by which one goes about creating that security. This implies that if the payoff of a security can be synthetically created by a package of other securities, the price of the package and the price of the security whose payoff it replicates must be equal. ...
Found on
http://www.encyclo.co.uk/local/20047
An economic rule stating that a given security must have the same price no matter how the security i
Found on
http://www.encyclo.co.uk/local/22402
The rule that without trade barriers and transportations costs, identical products would cost the same worldwide using the appropriate exchange rate of currency
Found on
http://www.encyclo.co.uk/local/22643
The law of one price is the economic rule that, in the absence of trade barriers or transport costs, competition will ensure that a particular good will sell at the same price in all countries. The theory of purchasing-power parity is based on this law.
Found on
http://www.probertencyclopaedia.com/browse/JL.HTM
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