Bionic Turtle’s Week in Risk – March 21st
FRM Forum Discussions Forward rates on the exam Forward rates on the exam, mastery of compound frequency makes many other things much easier https://www.bionicturtle.com/forum/threads/forward-rates.9404 Basis: This seems to confuse every year. Hull’s point is that, because a hedge tends to make an assumption about the future basis (e.g., basis will converge to zero), it is...
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