|
- UID
- 222255
- 帖子
- 263
- 主题
- 68
- 注册时间
- 2011-7-2
- 最后登录
- 2014-6-28
|
Evaluate Portfolio Performance of FI Securities
Reading 46, CFAI text Vol 6 P169,
I don't understand following statements under the title of "Interest rate management effect" :
...., each security in the portfolio is "priced" as if it were a default-free security. The interest rate management contribution is calculted by subtracting the return of the entire Treasury universe from the aggregate return of these REPRICED scurities.
Can anyone explain by raising a tangible example ? What does it mean by "REPRICED" ? |
|
发表于 2011-7-13 16:55
|