Which of the following is an example of an arbitrage opportunity()
A. A portfolio of two securities that will produce a certain return that is greater than the riskfree rate of interest.
B. A stock with the same price as another has a higher rate of return.
C. A stock with the same price as another has a higher expected rate of return.
参考答案:A
解析:
An arbitrage opportunity exists when a combination of two securities will produce a certain payoff in the future that produces a return that is greater than the risk-free rate of interest. Borrowing at the riskless rate to purchase the position will produce a certain future amount greater than the amount required to repay the loan.