futures-contracts

Dollar beta adds (or subtracts), so we neutralize beta by offsetting dollar beta which is portfolio value multiplied by portfolio beta; or, for the hedge, dollar beta is number of contracts multiplied by notional value per contract (assuming S&P index futures contract with beta ~ 1.0). David's...

Hey all, Can you please elaborate on the following line a bit more : " Future contracts and Forward contracts are priced to have zero value at the time an investor enters into the contract". It seems a bit confusing to me. As I think that this line can be very important, I would like you to help...