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

Ethan · 2022年05月29日

这道题问法感觉不像考试问法,直接让解释一句话

* 问题详情,请 查看题干

NO.PZ201601050100000104

问题如下:

4. Gupta tells the fund manager of Portfolio B:

"We need to seriously consider the potential costs associated with favorable currency rate movements, given that a 100% hedge-ratio strategy is being applied to this portfolio."

Explain Guptas statement in light of the strategic choices in currency management available to the portfolio manager.

选项:

解释:

Optimal hedging decisions require balancing the benefits of hedging against the costs of hedging. Hedging costs come mainly in two forms: trading costs and opportunity costs. Gupta is referring to the opportunity cost of the 100% hedge strategy. The opportunity cost of the 100% hedge strategy for Portfolio B is the forgone opportunity of benefiting from favorable currency rate movements. Gupta is implying that accepting some currency risk has the potential to enhance portfolio return. A complete hedge eliminates this possibility.

中文解析:

对冲成本包括交易成本和机会成本,本题考察的是机会成本。

对冲成本主要有两种形式:交易成本和机会成本。机会成本指的是100%对冲策略下,也放弃了的汇率朝有利方向变动时,可以获得收益的机会。

我是这样回答的是否足够?

  • 100% hedge-ratio can bring more trading cost because of frequent trade to rebalance.
  • with favorable currency rate movements, 100% hedge-ratio can bring more opportunity cost.
  • to reduce these cost, he can choose to partial hedge the portfolio. such as discretionary hedge.


1 个答案
已采纳答案

Hertz_品职助教 · 2022年05月30日

嗨,努力学习的PZer你好:


同学你好

这道题目重点在于答出机会成本并解释,所以建议这么回答:

Gupta is referring to the opportunity cost of the 100% hedge strategy.

The opportunity cost of the 100% hedge strategy for Portfolio B is the forgone opportunity of benefiting from favorable currency rate movements.

另外,也不必写为了降低这个成本他应该怎么做,当然答出来也没有问题,只是不作为大答题要点的部分,为了节省时间可以不写。

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 0

    关注
  • 405

    浏览
相关问题

NO.PZ201601050100000104 问题如下 4. Gupta tells the funmanager of Portfolio B: \"We neeto seriously consir the potenticosts associatewith favorable currenrate movements, given tha 100% hee-ratio strategy is being applieto this portfolio.\" Explain Guptstatement in light of the strategic choices in currenmanagement available to the portfolio manager. Optimheing cisions require balancing the benefits of heing against the costs of heing. Heing costs come mainly in two forms: trang costs anopportunity costs. Gupta is referring to the opportunity cost of the 100% hee strategy. The opportunity cost of the 100% hee strategy for Portfolio B is the forgone opportunity of benefiting from favorable currenrate movements. Gupta is implying thaccepting some currenrisk hthe potentito enhanportfolio return. A complete hee eliminates this possibility.中文解析对冲成本包括交易成本和机会成本,本题考察的是机会成本。对冲成本主要有两种形式:交易成本和机会成本。机会成本指的是100%对冲策略下,也放弃了的汇率朝有利方向变动时,可以获得收益的机会。 Explain Guptstatement in light of the strategic choices in currenmanagement available to the portfolio manager.老师怎么从这句话,看出来这道题是在问“前面Guptas说的是哪种成本”?

2022-08-01 20:34 1 · 回答

NO.PZ201601050100000104问题如下 4. Gupta tells the funmanager of Portfolio B: \"We neeto seriously consir the potenticosts associatewith favorable currenrate movements, given tha 100% hee-ratio strategy is being applieto this portfolio.\" Explain Guptstatement in light of the strategic choices in currenmanagement available to the portfolio manager. Optimheing cisions require balancing the benefits of heing against the costs of heing. Heing costs come mainly in two forms: trang costs anopportunity costs. Gupta is referring to the opportunity cost of the 100% hee strategy. The opportunity cost of the 100% hee strategy for Portfolio B is the forgone opportunity of benefiting from favorable currenrate movements. Gupta is implying thaccepting some currenrisk hthe potentito enhanportfolio return. A complete hee eliminates this possibility.中文解析对冲成本包括交易成本和机会成本,本题考察的是机会成本。对冲成本主要有两种形式:交易成本和机会成本。机会成本指的是100%对冲策略下,也放弃了的汇率朝有利方向变动时,可以获得收益的机会。 汇率往好的方向变动,可以只回答机会成本的存在吗,为什么需要回答trang cost

2022-05-12 15:29 1 · 回答

NO.PZ201601050100000104这道题怎么回答呢?看到的时候不知道是在问什么

2021-09-12 14:25 1 · 回答