CFAI R37, EOC Problem #4. They use the “approximate forward rate” to calculate the interest on the implicit loan to the swap counterparty. How are they getting this approximate forward rate? Thanks
It’s appropriate rate not approximate
CFAI R37, EOC Problem #4. They use the “approximate forward rate” to calculate the interest on the implicit loan to the swap counterparty. How are they getting this approximate forward rate? Thanks
It’s appropriate rate not approximate