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Swaps - practice prob (confusion on IR)
In practice problem 4 of reading 37, when we cumulate our overpayment in Yr 1 to Yr 2 we multiply the overpayment of Yr 1 by 1.070024.
This i presume is the interest rate factor or the implied forward rate between years one and two.
how is the value of 1.070024 calculated?? |
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发表于 2011-7-13 16:44
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