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... even without a calculator, armed only with cursory knowledge of the standard normal [since N(2.33) = 99%, such that two-tailed Z +/- 2.33 occupies 98%] we can eyeball that the question is asking for +/- 2.5 standard deviations and so the answer must be (approximately) greater than 98%...

Hi, Could you please explain the difference, if any, between bernoulli and binomial distributions ?

On a graph, there would be multiple lines ? And would be converging on the intercept. Because we have only one intercept. Please correct me.

Could you please correct me - B2 is the slope coefficient of the 2nd independent variable x2i ? I am assuming that the slope coefficient for x1i is B1. Thanks

Thanks. That settles my understanding.

However, since in mod duration we are viewing k as a infinite or continuous. How do we solve this mathematically.

Hi To summarise - Macaulay Duration is Time wieghted duration. Effective Duration is the duration calculated as a sensitivity measure with respect to movement in interest rates. However, I am not able to see a clear definition of Modified Duration in this discussion. Could anyone please...

Hi Is there a email you could share to reach you.

Hi All. Just to add, there are poll results that indicate that the minds of investors and market players is to move from LIBOR to the Overnight Index Rate. So this could be the future Risk free rate while valuing Swaps. However, the concept of 'Risk free rate' will not be 'eradicated', if I may...

Hi This thread is unavailable. I am a member. Could you please make it available -http://forum.bionicturtle.com/viewthread/4882/

Nice discussion - however from exam perspective - to keep things simple - Discounted bond < Par Bond< Premium Bond.