"Derivative"exercise:Forward contract

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來源: 正保會計(jì)網(wǎng)校編輯：小鞠橘桔 2020/11/04 10:11:50　字體：大小

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Questions 1:

The price of a forward contract most likely:

A 、decreases as the price of the underlying goes up.

B、 is constant and set as part of the contract specifications.

C 、increases as market risk increases.

Questions 2:

Which of the following statements best describes changes in the value of a long forward position during its life?

A、 As the time to maturity goes down, the value of the position goes up.

B 、As the price of the underlying goes up, the value of the position goes up.

C、 As interest rates go down, the value of the position goes up.

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. The price of a forward contract remains constant throughout the life of the contract. It is set as part of the contract specifications.

A is incorrect. The price of a forward contract is not affected by market conditions. It is set as part of the contract specifications.

C is incorrect. The price of a forward contract is not affected by market conditions. It is set as part of the contract specifications.

【Answer to question 2】B

【analysis】

B is correct. Given the formula for the value of a forward contract:

Derivative exercise

it follows that the value of the contract goes up as the price of the underlying goes up.

A is incorrect. As the time to maturity goes down, the value of the contract goes down.

C is incorrect. As interest rates go down, the value of the contract goes down.

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