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Air Max 2011 rise to agglomerates that were more
A cohesive grade of anhydrous lactose was melt pelletized in an 8-1 high shear mixer using polyethylene glycol (PEG) 3000 or 6000 as meltable binder in varying concentrations. The agglomerate growth was dependent on the liquid saturation of the agglomerates. The process was difficult to control, because the liquid saturation had to exceed 100% in order to produce agglomerates of pellet size. PEG 6000 gave rise to agglomerates that were more sticky than those produced with PEG 3000. The pelletization properties were not improved by the addition of 10% or 20% of a coarser anhydrous lactose. Frontier markets which are countries that have Air Max 2011 not yet reached emerging market status, have been shown Nike Air Force Ones Cheap to provide diversification benefits for international investors. However, many stocks in these markets are thinly traded so liquidity is an important consideration. We investigate which liquidity proxies best measure the actual cost of trading in 19 frontier markets that can be accessed by foreign investors. We find the Gibbs, Amihud, and Amivest proxies have the largest correlation with liquidity benchmarks, while the FHT measure provides the best measure of the magnitude of actual transaction costs.