How about this: there are 90 days between settlement and coupon, that means that the first coupon is also in 90 days i.e. the first payment is not in one period (180 days) but 0.5 periods (90 days). Using periodic compounding (why not continuous, why does it not say?!):
(I know I am...
Hi,
into my second month of study for Part 1 and was thinking of making some flashcards.
I tried FlashcardMachine.com and it looks good (and works on Android)
Has anyone else tried something like this?
Regards,
Murray
Edit: here is a sample if anyone wants to try it. The font is...
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