张同学2019-06-10 10:55:26

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: 这个为什么按只发一次分红计算