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- 2011-7-11
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- 2013-8-23
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Swap fixed rate calculation discount factors
Page # 305 1. A.
If we are discounting should we not use the exponential discounting?
B0(720) = 1/[1+0.0665(720/360)] = 1/[1+0.0665 * 2]
Why is this not B0(720) = 1/[1+0.0665]^2
Any thoughts? |
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发表于 2011-7-11 20:03
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