第二句话什么意思

问题如下：

When discussing the assumptions of the carry arbitrage model, Torres is least likely correct regarding:

选项：

A.borrowing costs. B.transaction costs. C.short-sale proceeds.

解释：

A Incorrect. Torres is correct that the carry arbitrage model assumes funds can be borrowed and lent at the same risk-free rate.

B Incorrect. Torres is correct that the carry arbitrage model assumes no market frictions, such as transaction costs.

C Correct. Torres is incorrect regarding the availability of short-selling proceeds. The carry arbitrage approach assumes the proceeds from a short sale can be immediately used to purchase other securities.

套利模型假设可以以相同的无风险利率借入和贷出资金并且假设没有市场摩擦，所以A和B中，Torres的说法是正确的。

Torres关于卖空收益的可用性的说法是不正确的，套利方法假设卖空的收益可以立即用于购买其他证券。