yments to the seller on a s wap for the life of the bond. • The bu yer’s receipts on the floating leg of the swap are adjusted by a fixed spread suc h that the present value of the swap equals the upfront implicit loan of P-100 . The <span>formula, then, that must be solved for the par/par asset swap spread is: ∑ ∑ = = ⋅ + − ⋅ = − float fix n i i i i n i i t df S L a t df C P 1 1 ) ( ) ( ) ( 100 The formula simply says that
status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
---|---|---|---|---|---|---|---|
repetition number in this series | 0 | memorised on | scheduled repetition | ||||
scheduled repetition interval | last repetition or drill |