NO.PZ2016031201000017
问题如下:
An arbitrageur will most likely execute a trade when:
选项:
A.transaction costs are low.
B.costs of short-selling are high.
C.prices are consistent with the law of one price.
解释:
A is correct.
Some arbitrage opportunities represent such small price discrepancies that they are only worth exploiting if the transaction costs are low. An arbitrage opportunity may require short-selling assets at costs that eliminate any profit potential. If the law of one price holds, there is no arbitrage opportunity.
中文解析:
A选项,交易成本很低有利于套利。选A。
B选项:做空的成本很高不利于套利,因为成本高可能使得套利无利可图。
C选项:价格始终遵守一价原则,即默认价格始终是合理的,那么就不会出现不合理定价从而产生套利机会。
如上