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JoeyDVivre

This was exactly what you wrote: you have called them all r. I copied what you wrote below:

Market price of bond = coupon1/(1 + r + z-spread)^t1 + .... + couponk/(1 + r + z-spread)^tk + principal/(1 + r + z-spread)^tk

I corrected you by adding r1,...rk instead of just r.



Edited 1 time(s). Last edit at Monday, November 15, 2010 at 01:55PM by elcfa.