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mdfb79

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tT
发表于 2011-7-13 13:46 | 只看该作者

Forward Contracts

example, factor
CFAI Book 6, RD.58, PG. 50, Q3.

Question 3, part d and e.

Why do we factor in the "loss on asset" and "gain on asset"?

For example, in part d. The value is 98-105= -7 (which is a gain to the short). Why do I have to factor in the loss of 2?

Thanks!
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kkn006

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发表于 2011-7-13 13:47 | 只看该作者
in those problems they are just showing you how the entire deal looks like.

when you think in terms of the gain/loss on the contract, the underlying itself (which is by itself a separate part) also is undergoing a gain or a loss.

seller of the contract may gain on the contract, but could end up losing on the asset. So they are providing a total picture..

CP

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19831985

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发表于 2011-7-13 13:47 | 只看该作者
Makes sense. Thanks cpk123!

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