NO.PZ2016031201000021
问题如下:
With respect to a forward contract, as market conditions change:
选项:
A.only the price fluctuates.
B.only the value fluctuates.
C.both the price and the value fluctuate.
解释:
B is correct.
The value of the forward contract, unlike its price, will adjust as market conditions change. The forward price is fixed at initiation.
中文解析:
远期合约的价格在期初时即被确定下来,之后不再发生变化。
远期合约的价值会随着市场价格的变动而变动。因此B正确。
我的意思是假如我最早在6.1日时刻就买了一块钱一瓶水的8.1交割远期,然后朋友甲觉得我这合约不错,能锁定未来现货价格,然后他也想买,但是这时候7.1远期价格就变了,变成1.1元一瓶水了,这不就是同一份合约但价格变了吗。