问题如下:
Is the futures price of a non-dividend paying stock likely to be greater or less than the expected future stock price? Explain your argument.
解释:
The futures price is the spot price compounded forward at the risk-free rate. Most stocks can be expected to provide a return greater than the risk-free rate. Hence, the expected future stock price is greater than the forward price.
老师你好,这道题的意思和考点看的不是很明白,可以帮我用中文再解析一下吗,谢谢