Is there ANY benefit to calling a bond’s spot price Btc(T + Y) rather than just calling it S0 as we do with equities?
I ask because it could save me from “learning” (not that there is any material difference) two sets of formulas instead of one.
Is there ANY benefit to calling a bond’s spot price Btc(T + Y) rather than just calling it S0 as we do with equities?
I ask because it could save me from “learning” (not that there is any material difference) two sets of formulas instead of one.