NO.PZ202209060200004404
问题如下:
Which of Choate’s considerations regarding the precautions he can take in the portfolio is least likely correct?
选项:
A.Consideration 2
B.Consideration 1
C.Consideration 3
解释:
SolutionC is correct. Consideration 3 is incorrect. Hedging tail risks through portfolio diversification is not difficult to implement and only has modest incremental cost. Hedging with derivatives, such as credit default swaps, is effective but costly.
A is incorrect because Consideration 2 is correct.
B is incorrect because Consideration 1 is correct.
老师 swap initial cost不是0吗 答案为什么说costly