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Forward price : ウィキペディア英語版
Forward price

The forward price (or sometimes forward rate) is the agreed upon price of an asset in a forward contract. Using the rational pricing assumption, for a forward contract on an underlying asset that is ''tradeable'', we can express the forward price in terms of the spot price and any dividends etc. For forwards on non-tradeables, pricing the forward may be a complex task.
== Forward Price Formula ==
If the underlying asset is tradeable and a dividend exists, the forward price is given by:
: F = S_0 e^ - \sum_^N D_i e^ \,
where
:F is the forward price to be paid at time T
:e^x is the exponential function (used for calculating continuous compounding interests)
:r is the risk-free interest rate
:q is the cost-of-carry
:S_0 is the spot price of the asset (i.e. what it would sell for at time 0)
:D_i is a dividend that is guaranteed to be paid at time t_i where 0< t_i < T.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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