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cenwandada · 2024年05月04日

资金不是从3月借到5月份吗,为啥选B

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

1 个答案

品职答疑小助手雍 · 2024年05月05日

同学你好,2*5RFA就是2个月后开始借款借3个月,所以他相当于我现在就去借款,借5个月,但是前两个月投出去,相当于只借后三个月。

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