NO.PZ202209060200004005
问题如下:
Are Honanie’s comments to Puhuyesva regarding replicating a South American debt index most likely correct?选项:
A.Yes. B.No. He is incorrect regarding synthetic strategies. C.No. He is incorrect regarding full replication.解释:
SolutionB is correct. Honanie is incorrect regarding synthetic strategies because an active futures market is not required. A total return swap could be entered into in the over-the-counter market to achieve exposure to the desired index.
A is incorrect because Honanie is incorrect regarding synthetic strategies.
C is incorrect because Honanie is correct regarding the prohibitive costs of a full replication strategy for a relatively small portfolio; 6% of $217.3 million is only $13.0 million.
C是说 因为 体量小 可以做到完全复制是吗? full replication 确实是成本高啊