10.1.1 The Architecture of the Calculations
For clarity, this chapter assumes the following:
The instrument pays K cash flows occurring each at the end of the month.
Each month has the same duration, in the number of years, such as 1/12.
For clarity, this chapter assumes the following:
The instrument pays K cash flows occurring each at the end of the month.
Each month has the same duration, in the number of years, such as 1/12.