苏·Xu · 2025年01月18日
NO.PZ2018062007000025
问题如下：
If the costs of holding the asset exceed benefits, then the asset's forward price is most likely:
选项：
A.higher than if benefits exceed costs.
B.the same as if benefits exceed costs.
C.lower than if benefits exceed costs.
解释：
A is correct.
根据公式：
可知：
远期合约的价格应是在现货价格基础上剔除benefit的影响，并且加回了cost的影响，本题说cost大于benefit，所以远期价格会更高。
这个题出的好奇怪，题目给了大前提cost exceeds benefit, 选项中又说benefit exceeds cost ????
NO.PZ2018062007000025问题如下 If the costs of holng the asset exceebenefits, then the asset's forwarpriis most likely:A.higher thif benefits exceecosts.B.the same if benefits exceecosts.C.lower thif benefits exceecosts. A is correct.Accorng toF0(T) =S0(1+r)T−(γ−θ)(1 +r)TF_0(T)\text{ }=S_0{(1+r)}^T-(\gamma-\theta){(1\text{ }+r)}^TF0(T) =S0(1+r)T−(γ−θ)(1 +r)T , the forwarpriwill increase e to any costs ancrease e to any benefits. Therefore, if costs exceebenefits, the forwarpriwill higher thif benefits exceecosts.期货价格应在现货价格基础上剔除benefit的影响，并且加回cost的影响，本题说cost大于benefit，所以期货价格会更高。 能翻译一下三个答案吗？
可以这样理解吗因为持有现货成本高，所以大家都去买期货，所以期货价格高
