标题: 2012 Level III Mock - Q37 and Q38 [打印本页] 作者: Kapie 时间: 2013-4-22 12:34 标题: 2012 Level III Mock - Q37 and Q38
Why does the answer to #37 assume cash duration of 0.25 whereas the answer to #38 assumes cash duration of zero? Seems inconsistent, no?作者: Bluetick1010 时间: 2013-4-22 12:34
do a search has been discussed to death作者: Fdez 时间: 2013-4-22 12:35
cash duration of .25 = use this for duration of bonds
you are reducing BETA of stock to zero, not to .25 duration作者: dmar 时间: 2013-4-22 12:35
