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Hi David, the link which you attached as a correction to the below question is not working anymore. Could you pls clarify, how we got the desired result. I am referring to 2011 T3.Hull-Chapters-5&6.pdf 168.3. An investor has funds invested in a German money market instrument that pays in Euros...

Hi David, I am referring to a question from last year doc - T3.Hull-Chapter-7 (Page 12) 177.3. Company A, the fixed-rate payer, enters into an interest rate swap with Company B, the floating-rate payer. Company will pay 4.0% per annum in exchange for six-month LIBOR, with an exchange every six...

Wow...thanks. But that was useful.

Hi David, This will be a very silly question but I need to ask to get a clear picture. This is to understand "Basis Risk on page - 110 (2012.T3.Products.pdf). Statement - "The basis converges to zero over time, as the spot price converges toward the future price. When the spot price increases...

Thx Suzanne.

Hi David/Suzanne, I was wondering where should I look for 2012 spreadsheets (I mean - should I be looking at 2011 spreadsheet if they same for this yr or there will be new sheets added to 2012 section in the future). Actually, I wanted to look for the calculation of IRP example (pg-48) & Cost...

Thanks

Hi David, I am referring to 2012.T3.Products.pdf on page - 32. I am not able to understand the mind set behind the following statement - Traders argue that Treasury rates are too low to be used as risk-free rates because: 1. Market demand: Treasury bills/bonds must be purchased by financial...

thx ahansen..that was a very useful information.

Thanks Ahansen, David.

Hi David, Pls explain the difference when we say - there is a build in correlation for Boot strap simulation Vs both (Monte Carlo & Boot Strap) incorporates no auto correlation? Thanks, atandon

Hi David, I am little confused with the “No perfect collinearity” statements on page 66 & 67 (2012.T2.Quantitative.pdf) - 1. On page 66 - The regressors exhibit perfect multi-collinearity if one of the regressors is a perfect linear function of the other regressors. The fourth least squares...