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  1. E

    Par Yield theory

    So I searched the forum and couldn't find an answer to this, which obviously does not mean I didn't miss it. I found one of your videos in a link that describes it as a Par Yield Coupon, which makes a whole lot more sense to me. You usually use discount factors of .5, 1, 1.5, and 2. I am...
  2. E

    Hull RMFI End of Chapter Question 4.16

    I have tried searching the forums but I cannot figure out where to post a question like this nor if it has been posted before. This is on page 51 of the practice question set. I'm confused with this answer. I thought the geometric mean would be, ((4th root (1.08*.92*1.12*.88))-1 = -.0052...
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