Can someone please explain to me how they get those numbers for question 40?
in the solution they post below formula and the results but no calculations:
Predicted change = Portfolio par amount × Partial PVBP × (–Curve shift)
thanks in advance amigos
someone? S2000 bro?
No calculation needed for the question, just find which portfolio is over/underweight vs the benchmark in key areas.
Looks like they dont give a par value but reversing their answers it should be $6,000,000. Try with $6m par values and see what you get.
Good luck tomorrow.