is it me or is this worded really obscurely?
is the guy trying to hedge is future position in the swaption, thereby trying to get in on an opposite side?
or are the statements describing the already present paper swaption position?
I had the same reaction as iregula to this question, thought it was poorly worded. I didn’t take a face value that they were necessarily the pay-fixed b/c I thought that determining that was part of the question. So I was looking for something that said what their “risks” were, but couldn’t find any.
In the end I guessed and got it “right”.
发表于 2013-4-16 12:58
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