A Special Purpose Acquisition Company (SPAC) is a blank check company with no business operation but management quality. It raises money through unit IPO and put proceeds in a trust account for future business combination. In the post IPO market, the market price would reflect the value of trust...

This dissertation analyzes a series of issues that surround both the theoretical modeling and theempirical estimation of the forward-futures differential, commonly known as the convexityadjustment. Opposite to theoretical implication, I find that the magnitude of the forward-futuresrate...