丫同学2018-07-30 11:04:43

An investor has entered into a forward rate agreement where she has contracted to pay a fixed rate of 5 percent on $5,000,000 based on the quarterly rate in three months. If interest rates are compounded quarterly, and the floating rate is 2.5 percent in three months, what is the payoff at the end of the sixth month? The investor will: 请问老师，这道题最后说的是6个月的，为什么不是乘以6/12而是乘以3/12呢？