
- UID
- 223421
- 帖子
- 317
- 主题
- 7
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
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i am really having trouble understanding why a 2 year cap equals =
one 1-year interest rate call, plus
one 2-year interest rate call.
where are the payoffs and why is it a 1 year interest call and again a 2 year interest call?
because payoff for the cap is actually at year 3?? ahhhh! thank you |
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