Nick Price Edward School in Salisbury (now Harare), where he captained the golf team. After his schooling he served in the Rhodesian Air Force during that country's Bush War. He is at present a dual citizen of the United Kingdom and Zimbabwe. He began his professional golf career in 1977 on the Southern Africa Tour, before moving to the European Tour and finally the PGA Tour in 1983. In 1984, Price renounced his Zimbabwean citizenship and thereafter played under his British passport. It was not until 1996 that Price regained his dual citizenship. Price is married to Sue and has three children.
Forward price into. So OUT - IN = NET GAIN and his net gain can only come from the opportunity cost of keeping the asset for that time period (he could have sold it and invested the money at the risk-free rate). let: Solving for fair price and substituting mathematics we get: where: where "c" is the "i " dividend paid at time "t ". Doing some reduction we end up with: Notice that implicit in the above derivation is the assumption that the underlying can be traded. This assumption does not hold for certain kinds of forwards. There is a difference