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Aaabby · 2020年01月29日

问一道题:NO.PZ201809170400000108

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问题如下:

Which of Frey’s statements about securities lending and covered call writing is correct?

选项:

A.

Only Statement 1

B.

Only Statement 2

C.

Both Statement 1 and Statement 2

解释:

B is correct. Writing covered calls also generates additional income for an equity portfolio, but doing so limits the upside from share price appreciation of the underlying shares. Therefore, Statement 2 is correct.

A is incorrect because dividends on loaned stock are "manufactured" by the stock borrower for the stock lender—that is, the stock borrower ensures that the stock lender is compensated for any dividends that the lender would have received had the stock not been loaned. Therefore, Statement 1 is incorrect. Frey is incorrect in stating that the funds would miss out on dividend income on lent securities.

but would require the fund to miss out on dividend income from the lent securities. 请问这句话应该怎么翻译?

1 个答案

maggie_品职助教 · 2020年02月05日

翻译:基金借出股票需要错失获得股利收益的权利。

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