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Hi, Could you please explain the difference, if any, between bernoulli and binomial distributions ?

Thanks. That settles my understanding.

However, since in mod duration we are viewing k as a infinite or continuous. How do we solve this mathematically.

Hi To summarise - Macaulay Duration is Time wieghted duration. Effective Duration is the duration calculated as a sensitivity measure with respect to movement in interest rates. However, I am not able to see a clear definition of Modified Duration in this discussion. Could anyone please...

Hi Is there a email you could share to reach you.

Hi All. Just to add, there are poll results that indicate that the minds of investors and market players is to move from LIBOR to the Overnight Index Rate. So this could be the future Risk free rate while valuing Swaps. However, the concept of 'Risk free rate' will not be 'eradicated', if I may...

Hi This thread is unavailable. I am a member. Could you please make it available -http://forum.bionicturtle.com/viewthread/4882/

Nice discussion - however from exam perspective - to keep things simple - Discounted bond < Par Bond< Premium Bond.