Assuming that you will continue to manage the portfolio from now to eternity, what is the present value of the management contract?

假设你将从现在到永久继续管理这一资产组合，管理合约的现值是多少？

youdao

After the acceptance occurs, the parties have an enforceable contract (assuming that there is no requirement of a writing, as there probably would be in this situation).

本例很有可能会被要求采用书面形式。

youdao

Assuming there is no further price movement, this is the profit you pocket at the expiration of the contract.

FORBES: In The Money