CFAI Text Vol 6, P.169, 1st paragraph and 2008 AM Exam Q10B
Expected I/R effect :
The return from the implied forward rates.
Unexpected I/R effect : The difference between the actual realized return and the market implied return from the forward rates.
Can anyone explain clearly/tangible what do these 2 definitions actually mean ?作者: ohai 时间: 2011-7-11 19:11