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If the Hubble Space Telescope can see stars as faint as magnitude 30, how much fainter are these stars than the faintest ones you can see in a very dark night sky, which have magnitude 6?
Forward Contract
A customized contract between two parties to buy or sell an asset at a specified future date at a price agreed upon today.
Forward Rate
An agreed-upon exchange rate for a currency to be exchanged on a specified future date, used in forward contracts.
Discount Rate
A interest rate used to determine the present value of future cash flows.
Option Expense
The cost associated with granting stock options to employees, typically recognized over the vesting period.
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