Due to the convergence of the futures contract price to the spot price at delivery, it has been hypothesized that a component of the futures price is the expectation of the spot price on the delivery date. The extent to which a futures contract price reflects unbiased expectations of the spot price
โฆ LIBER โฆ
Liquidity premiums and the expectations hypothesis
โ Scribed by Robert A. Jarrow
- Book ID
- 117528795
- Publisher
- Elsevier Science
- Year
- 1981
- Tongue
- English
- Weight
- 369 KB
- Volume
- 5
- Category
- Article
- ISSN
- 0378-4266
No coin nor oath required. For personal study only.
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