The bonds which Greece has paid had been valued by market as junk once, just before their payment. Given that the observed market value is the net present value of the instrument, why were they so ...
I'm writing a PhD thesis and I am using terminology such as maximum drawdown, maximum drawdown duration, lookahead bias, and survivorship bias. Although I understand what these are, and they are ...
The fair value, $F$, for a futures contract is $ F = S(1+rt) - D,$ where $S$ is the underlying spot price, $r$ is the interest rate, $t$ is the time to maturity, and $D$ is the dividends. What is ...