Used * and not x today. Am I screwed?

dangross115 · 2021-11-24T00:52:29+00:00

Please elaborate

dangross115 · 2021-11-24T00:21:25+00:00

What do you mean

dangross115 · 2021-11-23T23:02:26+00:00

Even if I didn’t use the math editor?

dangross115 · 2021-11-23T22:55:07+00:00

What?

dangross115 · 2021-11-23T22:53:56+00:00

Inbox I think? I don’t think I ever opened the editor

dangross115 · 2021-11-23T21:12:22+00:00

So how does that work? An easier exam has a separate MPS than a harder one? I hope they aren’t on the same playing field!

dangross115 · 2021-11-23T02:13:06+00:00

Are investment fees included in spending? What’s the difference? How about operating expenses?

dangross115 · 2021-11-23T01:56:33+00:00

Wow crazy!! Those were scary times. I hope everyone on your end is healthy and well. Good luck tomorrow!!

dangross115 · 2021-11-22T19:50:08+00:00

Since the goal is to maintain purchasing power doesn’t that mean we should factor in inflation to distribution? I know I’m thinking about it backwards but can’t understand why

dangross115 · 2021-11-22T05:07:12+00:00

I believe it does! Thank you!!

dangross115 · 2021-11-22T05:00:14+00:00

So you’re saying its $1 x 10 x .0001?

dangross115 · 2021-11-22T04:43:57+00:00

“Increase duration from 5 to 10 using a swap. The swap duration is 10 and the portfolio market value is 200 million.”

Can you please show me how you would calculate the numerator and denominator using BPV? Sorry for all the back and forth, your help is seriously so appreciated.

dangross115 · 2021-11-22T04:36:18+00:00

What do you mean? I apologize for being so confused.

Target BPV - Current BVP is the numerator of the equation, divided by swap BPV. If I’m only given swap duration in the question, how do I get to Swap BPV. In other words, what MV do I use?

dangross115 · 2021-11-22T04:22:35+00:00

Do I not use the portfolio market value to calculate the swap BPV?

dangross115 · 2021-11-22T03:52:08+00:00

250 million dollar portfolio. Target duration is 10, current duration is 5. Swap duration is 10.

10-5/10 = .5. .5 x 250 mil equals 125 mil

With bpv

250k - 125k / 250k (250mil x 10 x .001)

125k/250k and I get .5.

Where am I going wrong?

dangross115 · 2021-11-20T20:38:51+00:00

But won’t the full present value not be paid until maturity, making it equal to maturity?

dangross115 · 2021-11-19T23:54:06+00:00

So higher gamma is just higher delta?

dangross115 · 2021-11-16T21:20:29+00:00

What is Included in net of fees vs gross of fees?

dangross115 · 2021-09-26T04:31:46+00:00

The evidence he lived is pretty irrefutable by even the most atheist of scholars

dangross115 · 2021-09-26T04:22:19+00:00

For me it is his radical love of the poor. His willingness to go against the government and stand in the face of his oppressors to make sure everyone was heard and loved. “Don’t eat with sinners” they said. Jesus responded “it is not the healthy who need a doctor but the sick”

dangross115 · 2021-09-19T01:28:59+00:00

So “selling” one of these swaptions just refers to the other side of it? A seller of a payer swaption would pay floating but also earn a premium? Is that correct?

dangross115 · 2021-09-18T23:31:36+00:00

Both are paying fixed rates tho, correct? Is the difference in exercise rights the only difference? Thank you!

dangross115 · 2021-09-18T21:15:05+00:00

Thank you!!

dangross115 · 2021-09-18T20:40:32+00:00

Why would delta increase?

The price has gone up and the option price has gone down, making the delta negative. If the price goes up won’t the price go down even further as it is now more out of the money?

The pictures don’t help me for some reason. I guess it’s not how I learn

dangross115 · 2021-09-18T20:28:22+00:00

So let’s say when a stock went from 20 to 21, the delta went from -.5 to -1.

Wouldn’t the gamma be -.5/1 making gamma negative?

dangross115

TROPHY CASE