Hi David,
In the Tuckman study notes Under the AIM
"Construct and apply an arbitrage argument to price a call option on a zero-coupon security using replicating portfolios"
Could you explain:
how we know the payoff can be replicated by going long a 1y bond and short a 6m bond?
In the study...
Hi David
I just finished all of the GARP readings and all of the BT study materials.
So I have 1.5 months left until the exam, what's the best way to prepare for the exam at this point?
Thanks
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