NO.PZ2018062007000026
问题如下:
The forward price of an asset without any costs and benefits is:
选项:
A.higher than the future value of the spot price
B.lower than the future value of the spot price
C.the same as the future value of the spot price
解释:
C is correct.
When there is no costs and benefits with an asset, the FP= S0*(1+ Rf)^ T, so forward price is equal to the future value of the spot price.
中文解析:
当一项资产没有成本和收益时,由于FP= S0*(1+ Rf)^ T,则远期价格等于现货价格的未来价值。
按照举例解释
比如当前市场上一瓶矿泉水的价格是5元,在当前市场上签订一份3个月期限的远期合约,约定3个月后买水的价格是7块。那么这里的5元就是现货的市场价格(spot price),7元就是远期合约的市场价格(forward price)
那么value就是7-5=2,future value 不等于spot price