问题如下图:
选项:
A.
B.
C.
解释:
老师你好,选项A和C要怎么理解呢,谢谢解答
V哥_品职助教 · 2018年08月09日
repo是双方签订的回购协议,
A repo margin是双方沟通协商决定的,正确
C repo margin/haircut,回购保证金,担保品市值大于贷款金额的部分,通常为1%~10%。margin of safety(安全边际)投资原则是投资者只有在资产市场价格明显低于其内在价值时才购买。是价值投资的理念,市场价格远低于内在价值的部分就是margin of safety,可以理解为资产市值继续下跌的风险变小,所以安全。本题中是担保品的价格下跌,给投资者提供了margin of safety。
https://www.investopedia.com/terms/m/marginofsafety.asp
NO.PZ2018062020000009 Repo margin is the fferenbetween the book value of the security usecollateranthe value of the loan. If the market value of collaterincreases, the repo margin will give a margin of safety to the cash lenr. A is correct. Repo margin is negotiatebilaterally between counterparties. B is incorrect. Repo margin is the fferenbetween the market value of the security usecollateranthe value of the loan, not the book value. C is incorrect. The repo margin provis a margin of safety to the cash lenr if the collateral’s market value clines.之前做过一个题,选的就是b,为什么这个题b又不对了呢
NO.PZ2018062020000009 b和c分別錯哪了請解釋
抵押品价值上升 ,对lenr不是更有利么?margin变大,更加能保护么?为什么反而会crease?
请问老师c应该怎么理解?何老师说haircut可以理解为抵押品的市场价格和selling price之间打的折扣如果mkt value increase,这个margin应该变大对吧?那c不对,是因为mkt value虚高,导致lenr的折扣有水分所以不safe,这样理解对吗