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郝王爷 · 2023年02月25日

bid-offerspread不需要算两次吗?buy and sell

NO.PZ2021101401000027

问题如下:

Rutledge considers a new ETF investment for the fund. He plans to own the ETF for nine months. The ETF has the following trading costs and management fees:

  • Annual management fee of 0.32%
  • Round-trip trading commissions of 0.20%
  • Bid–offer spread of 0.10% on purchase and sale
Rutledge asks Stosur to compute the expected total holding period cost for investing in the ETF.

Excluding the compounding effect, the expected total holding period cost for investing in the ETF over a nine-month holding period is closest to:

选项:

A.

0.54%.

B.

0.62%

C.

0.64%.

解释:

A is correct.

The expected total holding period cost for investing in the ETF over the nine-month holding period is calculated as follows: Total expected holding period cost = Annual management fee + Round-trip trading commissions + Bid–offer spread on purchase/sale. Total expected holding period cost = (9/12) × (0.32%) + 0.20% + 0.10% = 0.54%

bid-offerspread不需要算两次吗?buy and sell

1 个答案

星星_品职助教 · 2023年02月25日

同学你好,

“Bid–offer spread of 0.10% on purchase and sale”这个描述的意思就是buy和sell都考虑了以后的spread,直接用就可以,不需要再除以2.