NO.PZ2022062761000022
问题如下：
Below is a chart showing the term structure of risk-free spot rates:
Which of the following charts presents the correctly derived forward rate curve?
选项：
A.
B.
C.
D.
解释：
中文解析：
当即期曲线上升时，远期曲线将高于即期曲线。当即期曲线达到其最大值（或极值）时，远期曲线也将与即期曲线相交。当即期曲线下降时，远期曲线将低于即期曲线。反映这三个条件的唯一图表是选项 D。
The forward curve will be above the spot curve when the spot curve is rising. The forward curve will also cross the spot curve when the spot curve reaches its maximum (or extreme) value. The forward curve will be below the spot curve when the spot curve is declining. The only chart that reflects these three conditions is choice D.
答案是为啥即期和远期有什么关系吗导致这个图
