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LOS f: Review the components of execution costs, including explicit and implicit costs, and evaluate a trade in terms of these costs.
Q1. If the VWAP during a day was $21 and 100 shares were bought at $20.40, which of the following is TRUE regarding the costs of trading?
A) The implicit costs are $60.
B) The implicit costs are -$60.
C) The explicit costs are -$60.
Q2. Which of the following trading costs results when an order is not filled?
A) Delay costs.
B) Market impact costs.
C) Price impact costs.
Q3. Which of the following trading costs is NOT an explicit cost?
A) Commissions.
B) Market impact costs.
C) Stamp duties. | 
发表于 2009-4-10 11:33
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