标题: fixed income: reading 59: page528 Q31: in the term of option [打印本页] 作者: maxmeomeo 时间: 2013-4-6 22:34 标题: fixed income: reading 59: page528 Q31: in the term of option
for question 31, it ask about which tranche is likely to be the most expensive in terms of option cost:
why I feel it should ask “in the term of OAS ” ? Thanks.作者: spreads 时间: 2013-4-6 22:34
just a different way of measuring it….an expensive tranche will have a high option cost and a low OAS or “option-removed spread” better name for it if that helps
