来自《耶鲁大学开放课程：金融理论 第9集 第9集》

• 
  
  But now what do you have to do?
  现在你要怎么做呢
• 
  
  Now, you see, you've bought some 1-year dollars
  现在你发现 你已经通过买3年期债券
• 
  
  by getting the 3-year coupon bond.
  得到了第一年的一些钱
• 
  
  But by selling the 2-year coupon bond, you've made some promises in year one,
  通过卖掉2年期债券 对初年做了承诺
• 
  
  so you've got to net out all those things
  你要考虑所有这些情况
• 
  
  and do the right thing on the one-year coupon bond, right?
  并卖出适量的一年期债券 对吗
• 
  
  So that looks a little complicated, but you can obviously do it by algebra.
  看上去有点复杂 但通过计算能求得
• 
  
  So everybody following?
  大家都能跟上吗
• 
  
  You're not following what the right thing to do is,
  如果没能跟上
• 
  
  but let's just say in words what we've done.
  简单总结一下我们刚刚做的
• 
  
  In words, what we've done is we've said,
  总的来说 我们刚刚做的
• 
  
  there are things you can actually trade on the market.
  就是在市场上能交易的