interest rate

Hello All, I am interested in knowing what is HJM model ? How are they computed ? What are they used for and how are volatility surface derived ? How are they useed for valuations? Want to know mainly in brief and simple/layman language. Thanks

Hi David, In the credit spread calculation it's mentioned that an increase in interest rates will increase the value of firm and decreases the credit spread however in the unanticipated change in interest rate section, it's mentioned that an increase in interest rate reduces the value of debt...

Is there a way to convert from discrete to continuous rates and viceversa using the TI BA II Plus Pro Calculator? Or it must be done with the formulas?

Hi @David Harper CFA FRM and all, This is not related to FRM, but still concept applies, so I am asking here. In the CFA L3 textbook, this para is given: "In general, for an upward-sloping yield curve, the immunization target rate of return will be less than the yield to maturity because of...

Concept: These on-line quiz questions are not specifically linked to AIMs, but are instead based on recent sample questions. The difficulty level is a notch, or two notches, easier than bionicturtle.com's typical AIM-by-AIM question such that the intended difficulty level is nearer to an actual...