金融英语_刘文国第二版课后练习Exercises13.docVIP

Exercises 17 Ⅰ. Answer the following in English Carefully describe a futures contract. A futures contract is a binding agreement between a seller and a buyer to make seller and to take buyer delivery of the underlying commodity or financial instrument at a specified future date with agreed upon payment terms. Explain how futures contracts are valued daily. It is possible to calculate a theoretical fair value for a futures contract. The fair value of a futures contract should approximately equal the current value of the underlying shares or index, plus an amount referred to as the cost