Forwards and Futures

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Side note: something might come up

Another Note:

• DJIA consider to be large cap
• Nasdaq consider to be small cap

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****Synthetic Position means calculate the future value!!!***

Watch out the language!:

• Expect $10 m in 6 monther -> that means 10M is future value!
• Create Synthetic Equity watch out the beta
• Cash has 0 beta
• Yield Beta is assumed to be 1, and it's only affects BONDs/DEBTs
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