NO.PZ2023040401000044
问题如下:
Assume an asset pays no dividends or interest, and also assume that the asset does not yield any non-financial benefits or incur any carrying cost. At initiation, the price of a forward contract on that asset is:
选项:
A.
lower than the value of the contract.
B.
equal to the value of the contract.
C.
greater than the value of the contract.
解释:
C is correct. The price of a forward contract is a contractually fixed price, established at initiation, at which the underlying will be purchased (or sold) at expiration. The value of a forward contract at initiation is zero; therefore, the forward price is greater than the value of the forward contract at initiation.
不理解怎么比较price和 value
price应该就是远期价格折现使得和现货价格差值为零的值,这里明白,有那个公式。但是value呢?