题目
The interest rate for a 1-year period is 5% and the rate for a 2-year period is 6%. Assuming continuous compounding, what is the forward rate for the period from the end of the first year to the second year?
选项
A.6.9991%
B.7.0000%
C.7.0009%
D.8.0000%
答案
B
解析
e^(5%)×e^(F_1,2 )=e^(6%×2). Taking the log of both sides, 5%+F_1,2=6%×2, F_1,2=7%.这道题的如下：e^(5%)×e^(F_1,2 )=e^(6%×2)。5% F_1,2=6%×2，F_1,2=7%.