AFTER STUDYING THIS CHAPTER YOU SHOULD BE ABLE TO: - Calculate the profit on futures positions as a function of current and eventual futures prices.
- Formulate futures market strategies for hedging or speculative purposes.
- Compute the futures price appropriate to a given price on the underlying asset.
- Design arbitrage strategies to exploit futures market mispricing.
- Determine how swaps can be used to mitigate interest rate risk.
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