投资学课后习题答案Chap022.pdfVIP

CHAPTER 22: FUTURES MARKETS CHAPTER 22: FUTURES MARKETS PROBLEM SETS 1. There is little hedging or spec lative demand for cement f t res, since cement prices are fairly stable and predictable. The trading activity necessary to s pport the f t res market wo ld not materialize. 2. The ability to b y on margin is one advantage of f t res. Another is the ease with which one can alter one’s holdings of the asset. This is especially imp