Mengying huang
2018-11-19 04:59If the net cost of carry of an asset is positive, then the price of a forward contract on that asset is most likely: lower than if the net cost of carry was zero. the same as if the net cost of carry was zero. higher than if the net cost of carry was zero. A is correct. An asset's forward price is increased by the future value of any costs and decreased by the future value of any benefits: F0(T)=S0(1+r)T?(γ?θ)(1+r)T If the net cost of carry (benefits less costs) is positive, the forward price is lower than if the net cost of carry was zero. 沒懂為什么選A。
所屬：CFA Level I 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
Dean助教
2018-11-19 09:40
該回答已被題主采納
同學你好。在這個公式里carrying cost的增加會提高forward price，而carrying benefits會抵減forward price。題目中說net cost of carry ( benefit-cost ) 是正的，換句話說對forward price 的抵減部分大于增加部分。
那如果是net cost of carry 是0的話，那抵減部分是等于增加部分的。
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