eveningstar
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- Dec 23, 2013
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I have a problem understanding the solution in the 2013 CFAI Mock Afternoon session Rudy Kesselaar case Question 7.
Where do they consider that the swap pays semi-annually? I don’t get it from reading the case. Given exhibit 1 I would have rather considered quarterly payments.
Is it market knowledge that a swap makes semi-annual payments unless stated otherwise?
Thanks for your opinion.
Where do they consider that the swap pays semi-annually? I don’t get it from reading the case. Given exhibit 1 I would have rather considered quarterly payments.
Is it market knowledge that a swap makes semi-annual payments unless stated otherwise?
Thanks for your opinion.