1 For a long forward contract on a stock which does not pay dividends, we found the following formula for the value of the contract at time t V(t,T) (F(t,T) K) Z(t, T) Give a different derivation of this result, using portfolios which include (1) a forward contract starting at time t, and (2) a fo...

Let FtT be the forward price at time t for delivery at time T and K be the del ...

1. For a long forward contract on a stock which does not pay dividends, we found...

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Fundamentals of Futures and Options Markets

ISBN: 978-0132993340

8th edition

Authors: John C. Hull

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1. For a long forward contract on a stock which does not pay dividends, we found...

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Fundamentals of Futures and Options Markets

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