1. T

    P1. T3. Ch11. Commodity Forward and Futures

    In this chapter, the study notes mention the following paragraph regarding lease rate "The lease rate of gold varies with the supply of gold that can be borrowed along with the demand to borrow gold. Recall that when gold producers hedge future production, the banks on the other side of the...
  2. Nicole Seaman

    P1.T3.723. Swaps: valuation with OIS and LIBOR, comparative advantage, and currency swap valuation

    Learning objectives: Explain the mechanics of a currency swap and compute its cash flows. Explain how a currency swap can be used to transform an asset or liability and calculate the resulting cash flows. Calculate the value of a currency swap based on two simultaneous bond positions. Calculate...