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华东师范大学:《金融工程》英文版 Chapter 3 Forward and Futures prices

Two Kinds of Underlying Assets · Investment assets: held for investment purposes by a significant numbers of investors. Examples: stocks, bonds, gold. Three different situations: 1. The asset provides no income 2. The asset provides a known dollar income 3. The asset provides a known dividend yield Consumption assets: held primarily for consumption. Examples: commodities such as copper, oil and live hogs.
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