NO.PZ2020012005000043
问题如下:
A one-year forward contract to buy a non-dividend-paying stock is entered into when the stock price is USD 100 and the risk-free rate is 5% per year (with annual compounding).
What is the value of the forward contract?
选项:
A.103
B.100
C.97
D.0
解释:
本题求的是forward value 而不是 forward price。
在合约初始时forward value 为0.
此题的远期价值为什么等于0,和远期价格什么区别?