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- 2011-7-11
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- 2016-4-21
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LIBOR is an annualized discount rate based on simple interest. When working with LIBOR-based instuments (i.e floating rate loans, FRAs, interest rate options, caps and floors) unnualize by multiplying the LIBOR rate by t/360.
To find the PV or to calculate fixed-rate bond yeilds use (1+r)^t/360 |
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发表于 2011-7-11 17:40
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