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In reference to P1.T4.VAR-HULL_Ch15_Topic:Realized Return and Historical Volatility of a Stock:- Am not able to find the topic below in the relevant/associated Learning Spreadsheet -4.b Bundle...Where can I find the relevant Learning Spreadsheet.....Thanks for all the help :)

@David Harper CFA FRM as usual I learnt so much from the above ! Thank You !

@David Harper CFA FRM Thanks much as always for sharing your invaluable insights :) :). Every time I learn something new from you :) I am good on the standardization of the Contract Sizes. However, that being said though, whenever, they say 98$ ( or 'X'- amount of Dollars) as the current price...

@David Harper CFA FRM David...as usual...Thank You Thank You Thank You :)

@ami44 Thanks so very much for pointing this out....I do see the point now...There was indeed a huge gap in my understanding here...Thanks again ! :)

@Deepak Chitnis @bpdulog Thanks! :) So can we always assume $100 as the FV for T-Bonds...?

Thanks @ami44 What you pointed to is absolutely right and hence the point I am trying to make...Please refer Chapter 4- Fin products, Topic : Spot and Forward Rates, Pg # 52 as an example:- By plugging in the Spot rates for Yr 3 and Yr 4 we get the Forward rate of Yr 4 and ahead and not Yr 3 and...

In reference to R19.P1.T3.Hull-Chapter 6: Topic-Extract LIBOR Zero Rates:- Rf ( T2-T1) = [ R2T2- R1T1 ] => R2 = [ Rf ( T2-T1) + R1T1 ] / T2 To calculate the last Zero-Rate, we did the following:- 4.994% = [ 491 * 4.893% + 5.5 % ( 589- 491) ] / 589 Based on the Zero Rate and Forward Rate...

In reference to R19.P1.T3.Hull-Chapter 6, Topic: Calculation of Hedge Ratio:- How do we arrive at the Contract Price Fc= 98,000 ? What does the phrase "Each Contract Delivers $100,000 " with a current price of 98 mean ?

@David Harper CFA FRM Thanks so very much for pointing me to the other thread. Seeing the piece you discussed and arrived to Futures price ~= (price of the cheapest to deliver bond)/(CF of cheapest to deliver) helped iron out the fuzziness in my head on the last "standardization" step...as to...

Hi, In reference to R19.P1.T3.Hull-Chapter 6- Final Contract Price on Euro$ Futures Contract:- The Contract Price is calculated as = 10,000[ 100 - .25 (100- Quote) ] for Gain/Loss per 1 bps= 25 I do understand intuitively that the factor 10,000 and the .25 are related to the Gain/Loss per 1...

@ShaktiRathore Thanks so much for putting this together. I am further having trouble with the fact that we are dividing the Quoted Price / CF and still calling the outcome Quoted Price....how can Quoted Price be = Quoted Price /CF ...? isn't Quoted Price/CF= Settlement price...? So isn't the...

Hi @David Harper CFA FRM @bpdulog I have a couple of questions on this problem statement:- 1) Since the Last "Quoted Futures Price" = $ 82.04 is obtained by dividing the Quoted Price/ CF = 114.859/1.4, shouldn't the last term be really called the Settlement Price instead of "Quoted Futures...

@David Harper CFA FRM @bpdulog Thank you both :) for the above :)

@David Harper CFA FRM Thank you as always for being patient with my ignorance and putting this together ! It is clear as the sky now.:) I do see the point I was missing earlier on. :-)

In reference to R19.P1.T3.Hull-Chapter 6, Pg 86- Conversion Factor:- Price (at Last Coupon) = $ 109.43-- is this a given parameter or we calculated this ? Full Price = $ 111.06 -- is this a given parameter or we calculated this ? What formula did we use for PV here =? How is the Years(since last...

@David Harper CFA FRM Thank You Thank You Thank You :) for that deep insight ! :) The more nuances I learn from these discussions, the more I realize how much I don't yet know :( so its both satisfying and terrifying at the same time ... :) The above was truly an AHA moment for me :) and cant...

Hi, In reference to: R31.P1.T4- Tuckman Chapter 2-Learning SpreadsheetT4.c Bundle : Sheet-Maturity vs Price Please refer to the section circled in orange in the screenshot below. The Coupon is = 4.875% based on which the Cash Flows have been derived. But to calculate the discounted Prices for...

@ShaktiRathore Thanks Shakti....oh yea...I forgot and overlooked the fact that when coupon rate = swap rate/ yield etc.., price = par value....thanks again for the quick reminder. .. :-)

In reference to R31.P1.T4- Tuckman Chapter 2- Discount Factors, given Swap Rates and also Learning Spreadsheet-P1.T4.c XLS Bundle-Sheet/Tab -"SwapRates " :- The discount factor d(1) has been calculated considering the FV to be $100 d(.5) * .44 + d(1) * 100( 1+ .875%/2 ) = 100 My...