NO.PZ2016031201000014
问题如下：
The law of one price is best described as:
选项：
A.the true fundamental value of an asset.
B.earning a risk-free profit without committing any capital.
C.two assets that will produce the same cash flows in the future must sell for equivalent prices.
解释：
C is correct.
The law of one price occurs when market participants engage in arbitrage activities so that identical assets sell for the same price in different markets.
A is incorrect because the law of one price refers to identical assets. B is incorrect because it refer to arbitrage not the law of one price.
中文解析：
一价原则描述的是一种关系，即同样的商品在不同市场也应该卖一样的价格。
produce the same cash flows，会产生相同的现金流，即可认为在收益层面上这是相同的商品 。
two asset是指T0时刻在现货市场持有的资产以及T1时候在远期市场持有的资产吗
以及 in the future是不是不太对，不应该是后者折现到T0时再比较是否是相同cash flow吗
谢谢
