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    expected value of zero-coupon bond

    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
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    2yr T-note with duration 2.37?

    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%...
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    the approaches for measuring operational risk

    Hi David, What are the differences or relationships between approaches discuss in LO56.5 and ones in LO57.2 (top-down) & LO57.3(bottom_up)? Thanks
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    Black-Scholes model

    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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