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- UID
- 223452
- 帖子
- 418
- 主题
- 12
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
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steps 2 and 3 combined means you are ending up with 1 Unit of the foreign currency.
do you see that?
buy 1/(1+rf)^T units of foreign currency.
It earns (1+rf)^t of Interest
you end up with 1 unit of foreign currency.
when you deliver that - in Step 4 - you end up with Forward currency contract amount for the 1 unit of FC.
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发表于 2011-7-11 19:25
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