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What is the replicating portfolio of swaptions for a constant maturity swap (CMS)?
How do you replicate the payoff of a constant maturity swap rate? That is, if the payoff of a contract pays the 5-year swap rate every year for 10 years, how would you replicate this payoff using ...
Nov 20 '11 at 11:23
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Please welcome jmac, Community Manager of the Rising Sun
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