Mathematics in Finance pdf free download. A future contract can be seen as a standardized forward agreement. Futures are for instance only o ered with certain maturities and contract sizes, whereas forwards are more or less customized. However, from a mathematical point of view, futures and forwards can be considered to be identical and therefore we will only concentrate on the rst in our considerations throughout this chapter. A future contract, or simply future, is the following agreement: Two parties enter into a contract whereby one party agrees to give the other one an underlying asset (for example the share of a a stock) at some agreed time T in the future in exchange for an amount K agreed on now.
Mathematics in Finance pdf free download
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