Hi everyone,

I was just revising my swaps by going through the practice problems at the end of reading 50 in the level 2 material. Is it me or are pretty much all of the numbers given in the solutions way off? For example, in practice question 1 they calculate the final discount factor (2 years) as 1 / (1.0665)^2 which they say is 0.8826 but I get 0.8792 (both on my calc and when I checked on Wolfram Alpha). It doesn’t sound like a huge deal but it really does throw the answer off in the end.

I can’t see anything about it in the errata… or am I just being dim?