Question: Why would the option adjusted spread vary across dealer firms
Why would the option-adjusted spread vary across dealer firms?
Answer to relevant QuestionsExplain how the number of interest-rate paths used in the Monte Carlo simulation methodology is determined. What assumptions are required to assess the potential total return of a RMBS? What is a path-dependent cash flow security? Why is a volatility trading strategy considered to be a non-directional strategy? A Merrill Lynch note structure called a liquid yield option note (LYON) is a zero-coupon instrument that is convertible into the common stock of the issuer. The conversion ratio is fixed for the entire life of the note. If ...
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