Hi,

Could someone please help me understand why do we only need to calculate the PV of one floating rate payment cash flow (chapter 7 - Swap)? We receive coupon payment for floating rate every 6 months (similar to Fixed) - shouldn't those payment stream be taken into account?

Thanks in advance

Vince

Could someone please help me understand why do we only need to calculate the PV of one floating rate payment cash flow (chapter 7 - Swap)? We receive coupon payment for floating rate every 6 months (similar to Fixed) - shouldn't those payment stream be taken into account?

Thanks in advance

Vince

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