NO.PZ2023040401000012问题如下 Whiof the following statements best scribes the payoff from a forwarcontract? A.The buyer hmore to gain going long ththe seller hto lose going short.B.The buyer profits if the priof the unrlying expiration excee the forwarprice.C.The gains from owning the unrlying versus owning the forwarcontraare equivalent. B is correct. The buyer is obligateto pthe forwarpriF0(T) expiration anreceives asset worth ST, the priof the unrlying. The contraeffectively pays off ST – F0(T), the value of the contraexpiration. The buyer therefore profits if ST F0(T).A is incorrebecause the long anthe short are engagein a zero-sum game. This is a type of competition in whione participant’s gains are the other’s losses, with their payoffs effectively being mirror images.C is incorrebecause although the gain from owning the unrlying anthe gain from owning the forwarare both iven ST, the priof the unrlying expiration, they are not the same value. The gain from owning the unrlying woulST – S0, the change in its price, wherethe gain from owning the forwarwoulST – F0(T), the value of the forwarexpiration. 请问A是什么意思？going long，going short没看懂
NO.PZ2023040401000012问题如下 Whiof the following statements best scribes the payoff from a forwarcontract? A.The buyer hmore to gain going long ththe seller hto lose going short.B.The buyer profits if the priof the unrlying expiration excee the forwarprice.C.The gains from owning the unrlying versus owning the forwarcontraare equivalent. B is correct. The buyer is obligateto pthe forwarpriF0(T) expiration anreceives asset worth ST, the priof the unrlying. The contraeffectively pays off ST – F0(T), the value of the contraexpiration. The buyer therefore profits if ST F0(T).A is incorrebecause the long anthe short are engagein a zero-sum game. This is a type of competition in whione participant’s gains are the other’s losses, with their payoffs effectively being mirror images.C is incorrebecause although the gain from owning the unrlying anthe gain from owning the forwarare both iven ST, the priof the unrlying expiration, they are not the same value. The gain from owning the unrlying woulST – S0, the change in its price, wherethe gain from owning the forwarwoulST – F0(T), the value of the forwarexpiration. 这两我有点混乱，什么时候用f0T什么时候用X？这里为啥不是X？
