Forward measure
= Forward measure
{wiki}
A forward measure is the martingale measure associated with taking a zero-coupon bond as <numéraire>. Prices divided by that bond are martingales under the corresponding measure.
= Forward measure
{wiki}
A forward measure is the martingale measure associated with taking a zero-coupon bond as <numéraire>. Prices divided by that bond are martingales under the corresponding measure.