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Article

On the Existence of Stock Price Bubbles—The Smoking Gun—Discounts and Premiums on Closed-End Funds and ETFs

Robert Jarrow
The Journal of Portfolio Management September 2019, jpm.2019.1.090; DOI: https://doi.org/10.3905/jpm.2019.1.090
Robert Jarrow
is the Ronald P. and Susan E. Lynch Professor of Investment Management at the Samuel Curtis Johnson Graduate School of Management at Cornell University in Ithaca, NY, and director of research at Kamakura Corporation in Honolulu, HI
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Article Information

jpm.2019.1.090
DOI 
https://doi.org/10.3905/jpm.2019.1.090

Published By 
Pageant Media Ltd
Print ISSN 
0095-4918
Online ISSN 
2168-8656
History 
  • Published online July 4, 2019.

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  • You are currently viewing a Latest version of this article (July 4, 2019 - 04:45).
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© 2019 Pageant Media Ltd

Author Information

  1. Robert Jarrow
    1. is the Ronald P. and Susan E. Lynch Professor of Investment Management at the Samuel Curtis Johnson Graduate School of Management at Cornell University in Ithaca, NY, and director of research at Kamakura Corporation in Honolulu, HI. (raj15{at}cornell.edu)
  1. To order reprints of this article, please contact David Rowe at d.rowe{at}pageantmedia.com or 646-891-2157.
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The Journal of Portfolio Management: 49 (4)
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On the Existence of Stock Price Bubbles—The Smoking Gun—Discounts and Premiums on Closed-End Funds and ETFs
Robert Jarrow
The Journal of Portfolio Management Jul 2019, jpm.2019.1.090; DOI: 10.3905/jpm.2019.1.090

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On the Existence of Stock Price Bubbles—The Smoking Gun—Discounts and Premiums on Closed-End Funds and ETFs
Robert Jarrow
The Journal of Portfolio Management Jul 2019, jpm.2019.1.090; DOI: 10.3905/jpm.2019.1.090
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  • Article
    • Abstract
    • THEORY OF BUBBLES
    • DISCOUNTS AND PREMIUMS ON CEFS
    • MARKET FRICTIONS
    • CONCLUSION
    • ADDITIONAL READING
    • ENDNOTES
    • REFERENCES
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