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 。
b这句话我好像学过,他想表达什么,为什么是错的呢