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READING 58: PRICES, DISCOUNT FACTORS, AND ARBITRAGE #68

Open Grefer opened 4 years ago

Grefer commented 4 years ago

https://www.melonsblog.cn/2020/02/reading-58-prices-discount-factors-and.html#more

Grefer commented 4 years ago

Quoted price 106-17+ = 106 17.5/32 .

Grefer commented 4 years ago

The bond is “stripped” into two components: principal and coupon (P-STRIPS and C-STRIPS, respectively).

Grefer commented 4 years ago

Zero-coupon bonds issued by the Treasury are called STRIPS.