Can someone please explain as to why the answer does incorporate the yield beta in the number of contracts needed to hedge? Thanks作者: busprof 时间: 2013-4-17 18:28
This may or may not have been discussed I cannot remember作者: luda002 时间: 2013-4-17 18:28
I am guilty of this too…..作者: willsucceed 时间: 2013-4-17 18:28
haha! better late than never…
whystudy..do some searches…there have been some serious long debates on this already..
bottom line AF concluded that yield should have been used. cfa was supposed to update their errata…not sure if they did..
