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jackofalltrades Wrote:
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> What is the logic behind this calculation:
>
> "Received Fixed = 0.022 * (0.9886+0.9652) + 0.9652
> = 1.00818366"
>
> Is there another more intuitive way to arrive at
> the value of the fixed instrument?

look at my calculation above - i can't get into all those factor calculations either. I strongly feel my way is better - its just doing some basic DCF....

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