Came across a practice question that provides two series of forward rates:
F(n-1,1) ….i understand this is (n-1) year forward rate, 1 year from today
F(1,n-1) …..1 year forward rate, (n-1) years from today
Not sure how to interpret and use above series to get holding period return given spot rates….
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.