这是因为在金融市场上，套利的出现是与均衡相矛盾的。
That is because in financial market the emerge of arbitrage is conflict with equilibrium.
现代金融理论的重要理论基础之一是均衡理论。
Equilibrium theory is one of the important pillars of modern Financial theory.
但金融市场是典型的非对称信息市场，且经常处于非均衡状态。
Capital market is characterized by asymmetric market information, and is often in a disequilibrium state.
股息贴现模型是估计股票内在价值的基本方法，无套利均衡是现代金融理论的基础。
The dividend discount model is the essential method used to estimate the stock intrinsic value.
股息贴现模型是估计股票内在价值的基本方法，无套利均衡是现代金融理论的基础。
The dividend discount model is the essential method used to estimate the stock intrinsic value.
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