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RDP 8804: Pricing Behaviour in Australian Financial Futures Markets
Equation (3)
f
t+1
T
(
t+1
)
−f
t
T
(
t
)
=
E
t+1
(s
T(t+1)
)−E
t
(s
T(t)
)
=
{E
t+1
(s
T(t+1)
)−E
t
(s
T(t+1)
)}
+E
t
{s
T(t+1)
−s
T(t)
}
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