Hi David,
In 2006 Practice Exam I, there is a question (question 1) regarding
expected value of zero-coupon bond, do you know which chapter Tuckman talks about this since I can find it.
Thanks!
Steve
Hi David,
I am reading the article A Simple Treasury Short Hedge ( http://cbot.com/cbot/docs/75995.pdf )
In the first page:
2-year U.S. Treasury Note (3% of Feb 2008)
Quoted Price: 97-16 3/4 (97.523438)
Yield: 4.039%
Modified Duration: 2.37 years
the YTM I calcaulated is 4.30%...
Hi David,
You show us very intuitive way to understand Black-Scholes model
in your article "Option Pricing Models (OPM). Part 4: Black-Scholes".
but I still have difficulties to understand
1) "Add Volatility" to the formula and
2) the meaning of N(d1), N(d2).
Could you please...
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