题目
Consider an eight-month forward contract on a stock with a price of $98/share. The delivery date is eight months hence. The firm is expected to pay a $1.80/share dividend in four months time. Riskless zero coupon interest rates (continuously compounded) for different maturities are as follows: 4 months 4%, 8 months 4.5%. The theoretical forward price (to the nearest cent) is:
选项
A.99.15
B.99.18
C.100.98
D.96.20
答案
A
解析
The solution is as follows:
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