In the solutions to this question, Schweser divides Euro8,170,000 by 1.04^2/12. I do not see why this figure, which is a spot value, is discounted 2 months. I understand why the forward price is discounted 2 months (in order to bring the value to present time) but the spot price is as of present time. I think either Schweser should not have discounted or they meant to call this value the new foward price, not the spot price. Could anyone shed some light on this for me?
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