parity
in fact, it would generally be systematically different.
实际上 两个汇率一般会有区别
The forward--this is an arbitrage relationship that holds very well
在远期市场中 这是一种
had to expand or it could die.
要么扩张要么灭亡
Every new state meant two new senators.
每一个新州都想要两名议员
so it has to be worse to have a positive exercise price.
因此执行价格为正会比较糟糕
and this is another arbitrage thing.
这是另一个套利问题
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