Why Are Interest Rate Swaps Structured Like Bonds?

mercredi 10 décembre 2014

Why don't we just amortize the loan amount across the payments?



For example, instead of defining the rate r in this fashion:



1=r(v+v^2+...+v^n)+v^n



why not define the rate r' with r' > r in this fashion:



1=r'(v+v^2+...+v^n)





Why Are Interest Rate Swaps Structured Like Bonds?

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