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Banz (1981) has evidenced a trading strategy in the USA that can earn risk-adjusted profits of around 20% by taking:
Terms
Conditions and stipulations under which agreements and contracts are made, outlining the obligations of involved parties.
Mark-up
Additional pricing on goods’ cost aimed to cover running expenses and secure profit.
Cost
The amount of money required to purchase something or the expense incurred to produce something.
Selling Price
The amount for which a good or service is sold to the customer.
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