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    Errors Found in Study Materials P2.T8. Liquidity and Treasury Risk (OLD thread)

    Hi, I think the example for the cost of liquidation is not correct. This is from reading P2.T8 page 4 and 5. If we use the formula of liquidity price as s*a/2 then the cost of liquidity should be as follows: position 1 : (100.50-100)/100.25 * (100 mil /2) * 100.25 = 24999994.125 position 2 ...
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    Exam Feedback November 2016 Part 1 Exam Feedback

    I passed 2,2,3,1......Thanks BT!!!
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