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Dear David: In bionic turtle's tutorial 2010-8-a-Investment Page 5, you mentioned this equation: E{Rn} = 1+(iF) + βn• μB+ βn• ΔfB + αn Could you explained the meaning of “ 1 “ ? Why we need to put “ 1 ” into this equation? And one more question, in the Grinold’s book “ Active portfolio...

Hi! David, I have a question about Tuckmen's textbook, in the table 7.2, I don't understand why the 2-Year,5-year,and 30-year bond, which are all sell at par can only be affected by the interest rate change of their own tenor, while the premiun 10-year bond will be affected...

Dear David: Operational and Integrated Risk Management AIMSCrouchy, Risk Management, Chapter 14 Capital Allocation and Performance Measurement Descrbe the Loan Equivalent Approach and use it to calculate RAROC capital. I read your study note about this topic, but still confused about...