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yuoska

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tT
发表于 2013-4-4 01:19 | 只看该作者

is this a dumb question or am i overanalyzing it?

statements, following, regarding
If the volume-weighted average price (VWAP) during a day was $21 and 100 shares were bought at $20.40, which of the following statements regarding the costs of trading is most accurate?
A) The implicit costs are $60.
B) The explicit costs are -$60.
C) The implicit costs are -$60.
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bolligerallstar

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2#
发表于 2013-4-4 01:23 | 只看该作者
C - implicit costs are -0.60? could there ever be negative explicit costs?

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cfa10yrplan

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3#
发表于 2013-4-4 01:27 | 只看该作者
Yeah you’re over analyzing it.
Explicit costs are hard numbers like trading costs and are easily observable and don’t need to be compared to find out.

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luda002

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4#
发表于 2013-4-4 01:31 | 只看该作者
Your implicit cost is -60 meaning that you are $60 to the good. Explicit is your commissions.
So it’s:
Explicit Costs (commissions)
Realized Gain or Loss
Delay Costs
Missed Opportunity Cost
In this case it’s a realized gain of $60.

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