In the first question in the Forwards chapter we are asked to find the value of the swap made at inception, the underlying price is 1000, the interest rate is 6.75%, and the time is 1.
The answer is So -F(0,T)/(1+R).
My question is, isn't the value of a forward at inception considered to be zero? I thought the book was very explicit about that, but it answers the question very differently...
Edited 1 time(s). Last edit at Saturday, May 29, 2010 at 11:07AM by ShintreH.作者: jarobi04 时间: 2011-7-13 15:26
