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Schweser notes, breakeven premium payments
Hi guys, can I please refer you to the page 16 of Schweser notes, the example of calcuating breakeven premium payments. It says: The present value of the premiuim payments : Y +(0.988803Y / 1.015 squared) = 1.959793Y. Can someone please let me know how does 1.959793 got calculated? Thanks- noname12
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- Forum: P1.T3. Financial Markets & Products (30%)