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- UID
- 217611
- 帖子
- 123
- 主题
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- 注册时间
- 2011-5-23
- 最后登录
- 2012-9-12
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Which one is more valuable, cap or payer swaption? Intuitively, I would think that cap is more valuable because the swaption is locked into paying a fixed rate unlike a cap holder who can still benefit if rates fall.
Are there any other reasons? |
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发表于 2011-7-11 17:47
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