Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Capital structure arbitrageurs focus on individual issuers.They look for valuation differentials between a company's debt and equity securities. Arbitrage is the strategy of taking advantage of price differences in different markets for the same asset. This report, previously known as the Comprehensive Annual Financial. The domestic agent thus simply owns the capital stock KH and rents it out to domestic firms at. The structure of financial institutions and markets in the United States and their interactions. , of whether entrepreneurs are equity or debt financed). DFW airport activity is not included in the financial statements. Tier 1 capital ratio(c). 14.9.