Volume 5 Reading 37 Question 4. How are they getting those forward rates 1.070024 and 1.08007. The answer and explanation is on page 170.作者: mp3bu 时间: 2011-7-13 15:50
1.065^2/1.06=1.070024
1.07^3/1.065^2 = 1.08007
CP作者: bodhisattva 时间: 2011-7-13 15:50
Doh!! Makes sense, especially after PV of the differences sum up to zero. CP for president!!! I think I said that at level 2 as well last year
