David,
For Principal Mapping, Jorion used a simple average of maturity, not modified duration. Why does your answer calculate duration for Principal Mapping?
David,
In question 1.5, how does "the model will incorporate the index's dividend yield of 2.0% per annum" affect the calculation? It seems that the info was irrelevant in the Excel answer sheet.
David,
I noticed that several chapters of practice questions in L1.T4 are missing. Are you going to put new files soon? Then, can I know when it will be? I'd like to see those practice questions as early as possible. Thank you.
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