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- UID
- 223440
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- 306
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- 注册时间
- 2011-7-11
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- 2014-8-6
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2#
发表于 2011-7-11 19:25
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think of the forward as a commitment to borrow at a set rate
the set rate is 4.48
well at expiry the rate is 4.68
the payments on such "theoretical borrowing" wont be at expiration, they would be 180 days later...
the bottom part of teh equation simply present values the diff to account for time value...
i hoped it helped, 5 AM i gota go to bed, cant do a better explanation for now |
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