2016年电大-国际财务管理重点 小抄.docxVIP

抛补套利.Diagram of interest arbitrage (1/1+i($)) $today$ in one year （1+i($)） 1/S($/￡)S($/￡)1/F($/￡)F($/￡)(1/1+i(￡)) ￡today￡in 1 year （1+i(￡)）The diagram says, each node represent either dollars or pounds today dollars or pounds in the future period. The arrows are labeled with the associated revenue or price in terms of the currency at the final node as a result of delivering one unit of currency at the enitial node .For example: if you are at the node representing pounds today, and you want to invest 1 pound for the future period , and 1 year later you will get (1+i(￡)).In order to the repayme