开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

yh810428 · 2022年05月07日

能翻译一下三个答案吗?

NO.PZ2018062007000025

问题如下:

If the costs of holding the asset exceed benefits, then the asset's forward price is most likely:

选项:

A.

higher than if benefits exceed costs.

B.

the same as if benefits exceed costs.

C.

lower than if benefits exceed costs.

解释:

A is correct.

According toF0(T) =S0(1+r)T(γθ)(1 +r)TF_0(T)\text{ }=S_0{(1+r)}^T-(\gamma-\theta){(1\text{ }+r)}^T , the forward price will increase due to any costs and decrease due to any benefits. Therefore, if costs exceed benefits, the forward price will be higher than if benefits exceed costs.

期货价格应在现货价格基础上剔除benefit的影响,并且加回cost的影响,本题说cost大于benefit,所以期货价格会更高。

能翻译一下三个答案吗?

1 个答案

Lucky_品职助教 · 2022年05月08日

嗨,从没放弃的小努力你好:


本题考察远期合约的定价,问远期合约价格的对比,根据公式可以得知,成本CC大于收益CB时forward价格会高于收益CB大于成本CC时。

----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!