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- 帖子
- 251
- 主题
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- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-21
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Think of it in terms of future value. Lets say the 1-year rate is 1% and the 2-year rate is 2%.
So, the FV of $1 in 1 -year is 1.01 and the FV of $1 in 2-years is 1.0404.
Now what is the 1-2 year forward rate? It's just the rate that will grow 1.01 to 1.0404 in one year. That is, 1.0404/1.01 - 1.
Hope that helps anyway. |
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发表于 2011-7-13 15:00
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