first principle :
- n the elementary stages of any subject (usually plural)
News & Articles
- Jared Woodard Analysis: The Price of Everything
In a previous article, we reviewed the idea of spot-futures parity, the relationship that governs the price of futures contracts. The first principle to keep in mind is that, with interest rates held constant, there is a linear relationship between the value of a futures or forward contract and the spot value of the underlying asset. If the price of a futures contract deviates from this ...
Oct. 18, 2013 - TheStreet.com