问题如下:
If the futures price equals the future spot price for a financial asset, what is the return of that asset?
选项:
解释:
The return of the asset is the risk-free interest rate. This is evident from the equations for the futures price. For example, when there is no income generated by the underlying asset, the futures price is the spot price compounding forward at the risk-free rate. When there is income generated by the asset during the tenor of the futures, the futures price is adjusted for the income and then compounded forward at the risk-free rate.
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