问题如下：
3. The value of Position 2 is closest to:
选项：
A.-¥149,925.
B.-¥150,000.
C.-¥150,075.
解释：
A is correct.
The value of Troubadour’s euro - JGB forward position is calculated as
Vt(T) = PVt,T[Ft(T) – F0(T)]
Vt(T) = (100.05 - 100.20)/(1 + 0.0030)2/12 = -0.149925 (per ¥100 par value)
Therefore, the value of the Troubadour’s forward position is
Vt (T)= -0.149925/100(¥100,000,000) = -¥149,925
老师请问，期限不是应该为3/12，怎么会是2/12？
答案Vt(T) = (100.05 - 100.20)/(1 + 0.0030)2/12 = -0.149925 (per ¥100 par value)
