Unwinding of discount
Can you provide a numerical example where we are asked to calculate unwinding of discount using "constant yield curve" and "unwinding using spot rates"?
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Can you provide a numerical example where we are asked to calculate unwinding of discount using "constant yield curve" and "unwinding using spot rates"?
Comments
The source provides a table with a numerical example on page 28 which shows exactly what you are asking for
Will the a priori ending discount curve for expectations hypothesis be given to us on the exam, or is there a way to derive it from the opening discount curve?
Have you tried taking a look at the sample excel calculation?