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Hi David! Im a bit confused. With regard to the value of forward contracts, do we always have to bring to its present value? As given in the formula on the study notes Chapter 10 page 7. However, on the given example on page 8, particularly with the Ex. 5.4: Forward value of the stock, the...

Refreshing this thread. I’ve started my preparation for part I and currently in Quants. At first, I honestly feel discourage as I coudn’t answer some of the practice questions. But whenever I correctly answer a question, I am really over the moon and feeling proud of myself . I know this is...