
Deep Dive: CFA® Level I Prep 2026
DERIV - Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
Jul 3, 2025 · 14 min · Season 7 · Episode 4 · 13.9 MB
0:00-14:16
Streams straight from the publisher. PodNod never proxies or re-hosts episode audio.
Link spot and forward prices through no-arbitrage. Build synthetic forwards bycombining cash positions with borrowing/lending, then adjust for dividends,storage, or FX rate differentials in the cost-of-carry. Understand why forwardprices can trade above or below spot—depending on net carry.
No links were found in this episode’s notes.