#finance #steiner-mastering-financial-calculations-3ed
the calculation of profit or loss on a STIR futures on the basis of exactly one quarter of a year does not depend on the currency. The calcu lation is the same even for a sterling contract (despite the fact that other sterling money market instruments are calculated on a 365-day year).
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piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p105
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