关于复利几次

NO.PZ2020021204000037 问题如下 The Eurollfutures prifor a contrathmatures in three years is 95.75. The stanrviation of the change in the short rate in one yeis 0.8%. Estimate the continuously compounforwarrate between three an3.25 years. The actual/360 futures rate is 100 - 95.75 = 4.25. This is 4.25 X 365/360 = 4.3090% on actual/actubasis.This rate is compounquarterly. The rate with continuous compounng is 4 X ln(1 + 0.043090/4) = 0.042860or 4.2860%. The convexity austment is 0.5 X 0.0082 X 3 X 3.25 = 0.000312estimate of the continuously compounforwarrate is therefore:0.042860 - 0.000312 = 0.042548 or 4.255%. 不明白，请讲解一下这道题的解题思路和步骤

NO.PZ2020021204000037 问题如下 The Eurollfutures prifor a contrathmatures in three years is 95.75. The stanrviation of the change in the short rate in one yeis 0.8%. Estimate the continuously compounforwarrate between three an3.25 years. The actual/360 futures rate is 100 - 95.75 = 4.25. This is 4.25 X 365/360 = 4.3090% on actual/actubasis.This rate is compounquarterly. The rate with continuous compounng is 4 X ln(1 + 0.043090/4) = 0.042860or 4.2860%. The convexity austment is 0.5 X 0.0082 X 3 X 3.25 = 0.000312estimate of the continuously compounforwarrate is therefore:0.042860 - 0.000312 = 0.042548 or 4.255%. 基础课讲义里面并没有提到futrues利率转成forwar时候需要按天数调整，只给了减去方差的调整项，考试里面也要这样按actual转化吗？还是可以直接用futures的利率减去调整项就可以？

NO.PZ2020021204000037问题如下The Eurollfutures prifor a contrathmatures in three years is 95.75. The stanrviation of the change in the short rate in one yeis 0.8%. Estimate the continuously compounforwarrate between three an3.25 years.The actual/360 futures rate is 100 - 95.75 = 4.25. This is 4.25 X 365/360 = 4.3090% on actual/actubasis.This rate is compounquarterly. The rate with continuous compounng is 4 X ln(1 + 0.043090/4) = 0.042860or 4.2860%. The convexity austment is 0.5 X 0.0082 X 3 X 3.25 = 0.000312estimate of the continuously compounforwarrate is therefore:0.042860 - 0.000312 = 0.042548 or 4.255%. 4.25*365/360=4.3090％4.3090%/4=1.0773％e^1.0773％*4 是这样么？

NO.PZ2020021204000037问题如下 The Eurollfutures prifor a contrathmatures in three years is 95.75. The stanrviation of the change in the short rate in one yeis 0.8%. Estimate the continuously compounforwarrate between three an3.25 years.The actual/360 futures rate is 100 - 95.75 = 4.25. This is 4.25 X 365/360 = 4.3090% on actual/actubasis.This rate is compounquarterly. The rate with continuous compounng is 4 X ln(1 + 0.043090/4) = 0.042860or 4.2860%. The convexity austment is 0.5 X 0.0082 X 3 X 3.25 = 0.000312estimate of the continuously compounforwarrate is therefore:0.042860 - 0.000312 = 0.042548 or 4.255%. ​两步计算没看懂

NO.PZ2020021204000037 问题如下 The Eurollfutures prifor a contrathmatures in three years is 95.75. The stanrviation of the change in the short rate in one yeis 0.8%. Estimate the continuously compounforwarrate between three an3.25 years. The actual/360 futures rate is 100 - 95.75 = 4.25. This is 4.25 X 365/360 = 4.3090% on actual/actubasis.This rate is compounquarterly. The rate with continuous compounng is 4 X ln(1 + 0.043090/4) = 0.042860or 4.2860%. The convexity austment is 0.5 X 0.0082 X 3 X 3.25 = 0.000312estimate of the continuously compounforwarrate is therefore:0.042860 - 0.000312 = 0.042548 or 4.255%. 最后的一句的问题是说计算连续复利的forwarrate，对吗？Efutures 报价100-R，R是单利，对吗？为什么要计算futures rate连续复利，Efutures 都是连续复利的吗？还是forwarrate 没法计算连续复利？我说清楚了吗，请老师帮解答，谢谢。