Could some one please advise me whether I need to have studied the derivatives Level 2 material before I get to this beast of a reading (Valuation of Bonds with Embedded Options)?
Additionally, do you think it’s alright to finish off the readings in Study Session 11 first? (Credit Risk Models and Asset Back Securities), ot do these need info you will learn in the Embedded Option valuation bit? THanks, would appreciate any help. Just trying to figure out how best to spend my time over the next few days. Wanted to get FI done by end of next week.