对于下段文字,我左想右想勉强想通
p.196
A short position in an FRA is equivalent to borrowing short-term to finance a long-term investment.
对于这道例题却怎么也不明白了,为什么是finance 2-month investment还不是3-month。
p.197 example 8.1,答案b
a long position in a FRA 2*5 is equivalent to the following positions in the spot market:
a. borrowing in two months to finance a five-month investment
b. borrowing in five months to finance a two-month investment
c. borrowing half a loan amount at two months and the remainder at five months
d. borrowing in two months to finance a three-month investment
由此看来我对p196的理解也可能是不对的。哪位大虾帮忙解释一下?谢谢。