I’m drawing a blank! Does anyone know how they calculated portfolio 1 and 2 “partial or key rate PVBPs” for each year? I tried doing what the bottom note said but i’m getting different answers.
In the same reading, there is a Blue Box named “How Partials are Calculated?” after Exhibit 23.
It mentions how to calculate the partials, but I found quite confusing.
I also came up with different doing the calculation at the bottom of exhibit 10. I guess this calculation works only for total duration.