As the convenience yield increases, which of the following is true?
A: The one-year futures price as a percentage of the spot price increases
B: The one-year futures price as a percentage of the spot price decreases
C: The one-year futures price as a percentage of the spot price stays the same
D: Any of the above can happen
E: None of the above
A: The one-year futures price as a percentage of the spot price increases
B: The one-year futures price as a percentage of the spot price decreases
C: The one-year futures price as a percentage of the spot price stays the same
D: Any of the above can happen
E: None of the above
举一反三
- Which of the following statements are not right? A: For call options, if spot price is more than exercise price, it is in the money. B: For put options, if spot price is less than exercise price, it is in the money. C: For call options, if spot price is less than exercise price, it is out of money. D: For put options, if spot price is more than exercise price, it is in the money.
- In which of the following cases was the inflation rate 12 percent over the last year? A: One year ago the price index had a value of 110 and now it has a value of 120. B: One year ago the price index had a value of 120 and now it has a value of 132. C: One year ago the price index had a value of 134 and now it has a value of 150. D: One year ago the price index had a value of 145 and now it has a value of 163.
- 17. Which one has the same meaning as the word "bedrock price"? A: the highest price B: the lowest price C: the proper price D: the reduced price
- There are two forward contracts, contract 1 and contract 2, on the same underlying. The underlying makes no cash payments, does not yield any nonfinancial benefits, and does not incur any storage costs. Contract 1 expires in one year, and contract 2 expires in two years. It is most likely that the price of contract 1: A: is equal to the price of contract 2. B: is less than the price of contract 2. C: exceeds the price of contract 2.
- If the percentage change in the price of a good exceeds the percentage change in the quantity supplied, then the supply is