Can someone please explain to me the calculation the CFAI used on the SWAP. Their calculation seems wrong for the fixed side. The PV(fixed-leg) = ((1+(0.055*(180/360)*0.9911)+ ((1+(0.055*(180/360)))*0.9649)=1.0187 How does that equal 1.0187???
Can someone please explain to me the calculation the CFAI used on the SWAP. Their calculation seems wrong for the fixed side. The PV(fixed-leg) = ((1+(0.055*(180/360)*0.9911)+ ((1+(0.055*(180/360)))*0.9649)=1.0187 How does that equal 1.0187???