Ezzell, John R.; Miles, James A.; Mulherin, J. Harold - In: Journal of Financial and Quantitative Analysis 38 (2003) 03, pp. 611-634
We use a unique set of equities in the when-issued market to provide new tests of the law of one price in financial markets. We compare the prices of when-issued and regular way shares of publicly traded subsidiaries and their parents around the time the subsidiaries are fully divested and we...