curriculum
schweser quicksheet
what’s your question?
The Schweser quicksheet formula and (10) are one and the same.
The only difference is that (10) adds a subscript `k’ (which will be a number) to the key rate.
The triangle \Delta (Delta) means `the change in’:
\Delta P V is change in portfolio value
\Delta r_k is change in key rate number k
We also have the difference in the sign.
Duration is quoted as a positive number but the effect of duartion is inverse the chnage in rates we be techincally correct we should have the negative sign.
But most people miss it off.
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