NO.PZ2023091802000086
问题如下:
A long position in a FRA 2 × 5 is equivalent to the following positions in the spot market:
选项:
A.
Borrowing in two months to finance a five-month investment.
B.
Borrowing in five months to finance a two-month investment.
C.
Borrowing half a loan amount at two months and the remainder at five months.
D.
Borrowing in two months to finance a three-month investment.
解释:
An FRA defined as t1
× t2 involves a forward rate starting at time t1 and ending at time t2. The buyer of this
FRA locks in a borrowing rate for months 3 to 5.This is equivalent to borrowing
for five months and reinvesting the funds for the first two months.
资金不是从3月借到5月份吗,为啥选B