单选题

Which of the following statements is least accurate concerning differences in the pricing of forwards and futures?

A、 Pricing differences can arise if futures prices and interest rates are uncorrelated
B、 Interest rate volatility can explain pricing differences.
C、 Differences in the pattern of cash flows of forwards and futures can explain pricing differences.

【正确答案】 A

【答案解析】

If futures prices and interest rates are uncorrelated, the prices of forwards and futures will be identical.