NO.PZ202212270100001001
问题如下：
Based on Exhibit 1, the execution cost for purchasing the 90,000 shares of BYYP is:
选项：
A.$60,000.
$82,500.
$127,500.
解释：
Correct Answer: C
Execution cost is calculated as the difference between the cost of the real portfolio and the paper portfolio. It reflects the execution price(s) paid for the number of shares in the order that were actually filled or executed. The execution cost is calculated as:
请问为什么不用arrival price (40.5) 作为benchmark price而是要用decision price (40)? 怎样判断该用哪个price作为reference rate?
