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Introduction, Forwards and Futures - Baruch College
faculty.baruch.cuny.eduIntroduction, Forwards and Futures Liuren Wu ... A call option on IBM stock: IBM stock is the underlying security. The call option is the derivative. ... Liuren Wu (⃝c ) Introduction, Forwards & Futures Options Markets 17 / 31. Payff from cash markets: Answers 1 If you buy a stock today (t), the time-t payff (T) is