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Now we are in 2011. Schweser didn't correct it. I re-post it with new page numbers.
Is this a typo or not?
Schweser notes 5, page 54, first bullet point in middle of page: "The slope of the line remains constant with CPPI".
Here the "line" refers to CPPI's Payoff diagram, which is Figure 12 on P59 . It's a convex diagram, so the slope changes at every point. |
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