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逢考必过过过过过过 · 2020年09月22日

问一道题:NO.PZ2018062007000054

问题如下:

A beneficial opportunity created by the derivatives market is the ability to:

选项:

A.

adjust risk exposures to desired levels.

B.

generate returns proportional to movements in the underlying.

C.

simultaneously take long positions in multiple highly liquid fixed- income securities.

解释:

A is correct. Derivatives allow market participants to practice more effective risk management, a process by which an organization, or individual, defines the level of risk it wishes to take, measures the level of risk it is taking, and adjusts the latter to equal the former. B is incorrect because derivatives are characterized by a relatively high degree of leverage, meaning that participants in derivatives transactions usually have to invest only a small amount, as opposed to a large amount, of their own capital relative to the value of the underlying. This allows participants to generate returns that are disproportional, as opposed to proportional, to movements in the underlying. C is incorrect because derivatives are not needed to copy strategies that can be implemented with the underlying on a standalone basis. Rather, derivatives can be used to create strategies that cannot be implemented with the underlying alone. Simultaneously taking long positions in multiple highly liquid fixed- income securities is a strategy that can be implemented with the underlying securities on a standalone basis.

请问A是什么意思,如何翻译?另外怎么能达到期望水平呢?不是说远期F0(90)不会等于S90么

1 个答案

丹丹_品职答疑助手 · 2020年09月22日

嗨,努力学习的PZer你好:


同学你好,其实解析当中有解释:Derivatives allow market participants to practice more effective risk management, a process by which an organization, or individual, defines the level of risk it wishes to take, measures the level of risk it is taking, and adjusts the latter to equal the former

衍生品给了市场参与者更多可以有效管理风险的方式,通过各机构、个人可以通过风险管理衡量、确定要去承担的风险,并且可以调整其承担的风险达到其想要承担的风险。

这个就是一个风险头寸的控制,相当于讲可以根据投资者的风险承担偏好,锁定部分的收益或者亏损。


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2023-07-03 13:26 1 · 回答

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2022-08-19 08:25 1 · 回答

还是不懂c的意思,还请翻译一下c和对应的解析,并一下,跪谢~

2020-03-24 17:52 1 · 回答

老师 B、C怎么

2020-02-16 12:14 1 · 回答