Do we have to know how to calculate this (when a tranche is split into a floater/inverse floater)? It doesn’t appear on the LOS as far as I can tell. Would like 2nd opinion to confirm.
no not needed
How do you know it’s not needed? It’s in the book. The LOS’s don’t tell you everything. Not 100% sure, but I remember seeing this in teh actual exam last year…can someone who took the exam last year confirm.
Dreary u fucker its not required.
I wonder if Salman is going around spreading lies… personally, I like the plan. hehe