If a firm is planning to borrow money in the future, the rate it is trying to lock in is

If a firm is planning to borrow money in the future, the rate it is trying to lock in is

a. the current forward rate
b. the current spot rate
c. the difference between the spot rate and the forward rate
d. the forward rate at the termination of the hedge
e. none of the above

Answer: C

The implied repo rate is similar to the

The implied repo rate is similar to the

a. internal rate of return
b. cost of hedging
c. yield on the futures contract
d. all of the above
e. none of the above

Answer: A

The transaction designed to exploit mispricing in the relationship between futures and spot prices is called

The transaction designed to exploit mispricing in the relationship between futures and spot prices is called 

a. a repurchase agreement
b. a hedge
c. speculation
d. carry arbitrage
e. none of the above

Answer: D