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- 2011-7-11
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- 2014-7-1
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How many Decimals and Discrete Rates vs. Continuous Rates
Hey All,
I am working on the derivatives section for readings 60 through 65. I have noticed that while doing the EOC questions that my answers can diverge due to rounding. Does anyone know if there is a standard convention on how many decimal places we should be taking our answers (more importantly, how many decimal places should we be using when calculating LIBOR rates)?
Furthermore, other than when the question specifically asks for continuously compounded rates, is there any convention for using discrete rates rather than continuously compounded rates?
Thanks in advance for any insight you have. Hope your studies are going well. |
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发表于 2011-7-11 19:29
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