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hi, please explain related to Paying fixed in a variance swap on an index and receiving fixed on individual what does the following statement mean: If correlation increases, so will the variance. As a consequence, the present value for the variance swap buyer, the fixed variance swap payer...

Hi David, while going through the video and slides, I had a question the LOS regarding explain "Explain how the discount rates in a plain vanilla interest rate swap are computed.". in the two examples, 9th and 10th edition, why does the first boot strap of the libor spot rate compute to a final...