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- 2011-7-11
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- 2014-8-6
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This thread is confusing. Let's break it down.
t=0: You go long a stock forward (you agree to buy a stock at time T, for $K). There is no cost in entering a forward.
0<t<T: The dividend growth rate increases => St increases in value
t=T: Payoff for long contract is St - K, which is now greater.
The long benefits.
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We are not long and short the asset. We are long/short the forward contract.
Agreed? |
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发表于 2011-7-11 19:51
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