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  1. M

    Per 100 FV question

    Hi A quick one. Concept around when they quote bonds or DV01 value as per 100 face value. I want to clarify understanding. So if quote DV01 as 6 per 100 FV then effectively if the bond value is 1000 then that's just 6*10. DV01. I think there must be question somewhere that has this wording...
  2. Nicole Seaman

    YouTube T3-10: Yield to Maturity Interpretations

    Superficially, the yield to maturity (YTM, aka yield) simply inverts the usual time value of money (TVM) inputs by solving for the yield as a function of four inputs: face (future) value, coupon (payment), maturity (time), and current price (present value). But in terms of interpretation, I...