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- 2013-8-19
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I Think PennyWenny interpreted it as a callable bond..whereas it is actually a derivatives question where
Minimum value of a call is = S X/((1+RFR)^t)
When the interest rate rises, the value of the second part of the expression decreases as the interest rate rises, hence the Value of option rises. |
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发表于 2013-4-3 02:53
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