平价举例 Parity Example Outcomes Strategy a: Action Initial flows flows at T Buy stock T Strategy b: Action Initial flows flows at t Long futures 0 ST -Fo Invest in bill Fo(1+r)1-Fo(1+r Total forB -Fo(ltrr T 22-122-13 平价举例 Parity Example Outcomes Strategy A: Action Initial flows Flows at T Buy stock -So ST Strategy B: Action Initial flows Flows at T Long futures 0 ST - FO Invest in Bill FO(1+rf ) T - FO(1+rf ) T FO Total for B - FO(1+rf ) T ST