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NetWorth (十年) 于 (Thu Mar 8 23:18:44 2007) 提到:
The current price of a stock is St=100. A trader writes a forward contract
on the delivery of this stock. The delivery will be within 12 months and the
price is Ft. What is the value of Ft if traders can borrow and lend at a
rate of 5% per year. The solution is Ft = St(1+5%). Why? I think it should
be Ft = St/(1+5%).
Thanks!
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snooner2007 (snooner) 于 (Thu Mar 8 2
