4远期及期货价æ 

4远期及期货价æ 

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Unformatted text preview: Ï 9 Ï À d ( ½ 5 û ) 7 K ó ä 6 1 o ù ? µ U [email protected] Ü H ã ² Æ 7 K Æ 2011 c S G Æ Ï Ï Ü Ó Ú Ï À Ü Ó d û ½ ù ? Ø Ï d ! Ï À d Ú I ] = Ï d £ y À d ¤ m ' X " 5 ` § Ï À Ü Ï z F ( Ý § é u Ï 3 Ï F g 5 ( § © Û å 5 E , " ¢¨ ö ä k Ó Ï § Ï d Ú Ï À d ~ C " Ý ]] Ú ¤ ] Ý ] 5 ] µ v õ Ý ] ö Ý ] ± k ] " X ¦ ! y ! 7 ! x Õ £ ± k ó ^ å ¤ " ¤ 5 ] µ ] ± k ö ´ ¤ ± k ] " ) ¦ h ! Ô !  S " é u Ý ] 5 ] § ± l à @ | ¦ n Ñ u § d = Ï d Ú Ù ¦ ½ | C þ Ñ Ï d Ú Ï À d " é u ¤ 5 ] K à { " ñ Å ñ £ short selling ¤µ 3 Ã Þ v k , ] ¹ e / \ T ] ¿ á = ñ Ñ ± ¼ ] 7 Ö " Ì ´ Ý ] ½ Ý Å ö § ± 9 K Ö J ø 3 ñ " ñ ö I 3 ² V < @ p m ¢ y 7 â r § B ½ ¢ y 7 " Ð ñ Ñ y ¤ Ð © ¢ y 7 Ü © § ± ´ 3 ½ | þ 6 Ï y £ á Ï I Å ¤ 3 ² V < ? Ð © ¢ y 7 " ñ ö I Ö Ñ / T ] ö ± k T ] A ¼  à £ X ù | ! | E ¤ X J 3 ² ó Ï m Ø U U Y / y § K 7 L r ² ó § ¡ @ " X J ² ó § K ^ g C á r ¥ ] 7 © ï A ê þ y 8 ¦ Ì " 5 µ 2007 c 7 6 F / m 5 K ® ² ¢ Ø " ñ « ~ Ý ] ö u 4 . ñ 500 IBM ¦ § z d $120,7 ° § ¨ ¦ d $100 § Ý ] ö ï £ ù ¦ ? 1 ² ó " b 5 ° z ¦ | G $4 ù | " O T Ý ] ö  à " ) : Ý ] ö 4 ° ï á ÞÞ § ¡  µ 500 × $ 120 = $ 60000 5 ° ù | ¦ Ý ] ö I G Ñ µ 500 × $ 4 = $ 2000 7 ° Ý ] öW ² Þ § I G Ñ µ 500 × $ 100 = $ 50000 Ý ] ö À  à µ $ 60 , 000- $ 2 , 000- $ 50 , 000 = $ 8 , 000 ñ « ~ Ý ] ö u 4 . ñ 500 IBM ¦ § z d $120,7 ° § ¨ ¦ d $100 § Ý ] ö ï £ ù ¦ ? 1 ² ó " b 5 ° z ¦ | G $4 ù | " O T Ý ] ö  à " ) : Ý ] ö 4 ° ï á ÞÞ § ¡  µ 500 × $ 120 = $ 60000 5 ° ù | ¦ Ý ] ö I G Ñ µ 500 × $ 4 = $ 2000 7 ° Ý ] öW ² Þ § I G Ñ µ 500 × $ 100 = $ 50000 Ý ] ö À  à µ $ 60 , 000- $ 2 , 000- $ 50 , 000 = $ 8 , 000 à @ | ½ d ¦ n à @ | ½ d ¦ n µ 3 k ¨ 7 K ½ | þ § ? Û 7 K ] ½ d § A ¨ ¦ | ^ T 7 K ] ? 1 @ | Ŭ Ø E 3 " ó § X J , 7 K ] ½ d Ø Ü n § ½ | 7 , Ñ y ± T ] ? 1 @ | ¹ Ä Å¬ § < @ | ¹ Ä ¬ r ¦ T ] d ª Ü n § ¿ ª ¦ @ | Ŭ " n Ø b b ½é , ½ | ë ö § ± e A ^ b ¤ á µ 1 à ¢ ´ ¤ ^ ¶ 2...
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This note was uploaded on 06/12/2011 for the course ECON 101 taught by Professor Dee during the Spring '10 term at Andhra University.

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4远期及期货价æ 

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