Which of the Below Statements Is FALSE

Multiple Choice

Which of the below statements is FALSE?

A) The theoretical futures price may be at a premium to the cash market price (higher than the cash market price) or at a discount from the cash market price (lower than the cash market price) , depending on the value of P(r - y) .
B) The term, r - y, which reflects the difference between the cost of financing and the asset's cash yield, is called the net financing cost.
C) The net financing cost is more commonly called the cost of carry, or simply, carry.
D) Negative carry means that the yield earned is greater than the financing cost; positive carry means that the financing cost exceeds the yield earned.