问题如下图:
选项:
A.
B.
C.
解释:
convenience yield 是否包括opportunity cost?
NO.PZ2016031201000027问题如下 Whiof the following factors most likely explains why the spot priof a commoty in short supply cgreater thits forwarprice?A.Opportunity costB.Laof vinC.Convenienyiel C is correct.The convenienyielis a benefit of holng the asset angenerally exists when a commoty is in short supply. The future value of the convenienyielis subtractefrom the compounspot prianreces the commoty’s forwarprirelative to it spot price. The opportunity cost is the risk-free rate. In the absenof carry costs, the forwarpriis the spot pricompounthe risk-free rate anwill exceethe spot price. vin are benefits threthe forwarpribut the laof vin hno effeon the spot prirelative to the forwarpriof a commoty in short supply.中文解析C,便利性收益是持有该资产的一种收益,通常存在于一种商品供应不足的情况下。便利收益率的未来价值从复利后的现货价格中减去,从而降低商品的远期价格。A,机会成本是无风险利率。在没有套利成本的情况下,远期价格是无风险利率的现货价格复利,将超过现货价格。B,分红会降低远期价格,但在供不应求的情况下,缺乏股息对现货价格并没有影响。 类似这道题。本章感觉听下来稀里糊涂的 很多不懂的地方 但做练习题正确率还可以。是因为还遇到计算题吗。赶时间的话 这章是不是没有必要停下来慢刷?求教
NO.PZ2016031201000027 问题如下 Whiof the following factors most likely explains why the spot priof a commoty in short supply cgreater thits forwarprice? A.Opportunity cost B.Laof vin C.Convenienyiel C is correct.The convenienyielis a benefit of holng the asset angenerally exists when a commoty is in short supply. The future value of the convenienyielis subtractefrom the compounspot prianreces the commoty’s forwarprirelative to it spot price. The opportunity cost is the risk-free rate. In the absenof carry costs, the forwarpriis the spot pricompounthe risk-free rate anwill exceethe spot price. vin are benefits threthe forwarpribut the laof vin hno effeon the spot prirelative to the forwarpriof a commoty in short supply.中文解析C,便利性收益是持有该资产的一种收益,通常存在于一种商品供应不足的情况下。便利收益率的未来价值从复利后的现货价格中减去,从而降低商品的远期价格。A,机会成本是无风险利率。在没有套利成本的情况下,远期价格是无风险利率的现货价格复利,将超过现货价格。B,分红会降低远期价格,但在供不应求的情况下,缺乏股息对现货价格并没有影响。 麻烦老师可以具体一下“股息也是会降低远期价格的benefit,但在供不应求的情况下,缺乏股息对现货价格并没有影响。”的意思吗?股息也是会降低远期价格的benefit - 这里有公式表达吗?
麻烦老师帮忙定位下知识点
想问一下为什么B不对呢?没有未来现金流流入,则远期价格比现在低?不对吗
这个题的答案不明白,可以详细一下吗?