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曼琳 Lyn · 2025年04月16日

lender能获得股息,但是也要把股息给我short sell给的买方啊

NO.PZ2019012201000008

问题如下:

Which of the following statements about securities lending and covered call writing is incorrect?

Statement 1 Securities lending would increase income through reinvestment of the cash collateral but would require the fund to miss out on dividend income from the lent securities.

Statement 2 Writing covered calls would generate income, but doing so it requires portfolio manager simultaneously deposits money equal to the exercise price into a designated account.

选项:

A.

Only Statement 1

B.

Only Statement 2

C.

Both Statement 1 and Statement 2

解释:

C is correct.

考点:Income in an equity portfolio

解析:表述1是错误的,因为出借股票的股利是由股票借款人为股票出借人"制造"的——也就是说,股票借款人要确保股票出借人在没有出借股票的情况下获得的股利得到了补偿。因此,表述一是不正确的。

表述2也是错误的,因为需要将与行权价格相等的款项存入指定账户,这是卖出看跌期权的要求,而不是卖出看涨期权需要做的。

lender能获得股息,但是也要把股息给我short sell给的买方啊

1 个答案

笛子_品职助教 · 2025年04月16日

嗨,从没放弃的小努力你好:


Hello,亲爱的同学~

borrower需自掏腰包,把等同于股息的现金给Lender。

然后Lender自己拿着就可以了。

相当于Lender也有股息。

Lender并不需要把股息给short sell的买方。



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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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