susana

Ashwin Wrote:
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> Deriv108, the explanation by Jbaphna makes sense.
> If the duration of overnight portfolio is zero,
> then adding $25M to the denominator is not
> necessary. At least that is how I am going to try
> to remember this just in case if this kind of
> question shows up in the exam


Yes it is, because you have to prove to the grader you know $25 million times 0 is 0.

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