New answers tagged bond
Strange Market Data YTM for a Zero Coupon Bond
This bond has a slightly different calculation logic to your average zero coupon bond. Denote $t$ the trade date, $t_0$ the issue date, $T$ the maturity date and $P$ the traded price. You'll first ...
Units of Modified Duration and Macauley Duration
Wow - the dangers of using OTT maths to wrongly explain a simple question. Original poster correctly stated that Mod Duration is unitless and wanted it explained yet this maths answer contradicts it. ...
Questions about the replicating portfolio in the binomial model
Here are some answers, hope it helps: Regarding question 1, Do we need to replicate the derivative security using the underlying security $S$? I think the answer is related to your other question: ...
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