Discount Factor - Reading 61 Swaps discount, beginning, factor

Andreas42

Current 60-day rate is 6% (at the very end of pg. 106 in schweser)
The 60-day discount factor is 0.99010 (beginning of pg. 107)
Isn’t the 6% 60-day discount factor
Z60= 1/((1,06)^(60/360)) = 0,99033 ?

soverby

it is LIBOR/EURIBOR for a Swap, usually.
so it will be 1/ (1+[0.06*60/360])
Power would not be used with LIBOR….

ramzes

thx cpk
hey Northeastern Student where are you from?

ogoluwa

Originally NY, moved to FL, College in MA, now living in FL until law school starts, you?