柚柚_柚 · 2020年08月02日
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.
请问这里题目中没有提到 forward price呢NO.PZ2020012005000012 问题如下 Is the futures priof a non-vinpaying stolikely to greater or less ththe expectefuture stoprice? Explain your argument. The futures priis the spot pricompounforwarthe risk-free rate. Most stocks cexpecteto provi a return greater ththe risk-free rate. Hence, the expectefuture stopriis greater ththe forwarprice. futures priof a non-vinpaying sto the expectefuture stoprice分别是指什么？为什么答案会联系到forwarprice呢
NO.PZ2020012005000012 问题如下 Is the futures priof a non-vinpaying stolikely to greater or less ththe expectefuture stoprice? Explain your argument. The futures priis the spot pricompounforwarthe risk-free rate. Most stocks cexpecteto provi a return greater ththe risk-free rate. Hence, the expectefuture stopriis greater ththe forwarprice. 考点是E(ST)的内容吗？ 老师讲过在讲义在哪里？
老师，我有疑问，这个为啥不是看相关系数呢，标的资产的价值和利率正相关，期货大于远期，以此类推
这里解答是不是有误？题目问future price和future price比，为什么解答变成了future price和forwarprice去比呢？另外想问，这题的解答是不是说对于支付股息的公司，future price应该=（S0）e(rf-rt次方<S0，因为rf小于r所以支付股息的公司的future price应该小于不支付股息的公司？
