i am confused about the day counting there…
schweser mock book1 exam2 PM Q45
why the answer use 180/360? is it because based on 6 month LIBOR? therefore 180?
i thought it should be 180/720 for payoff 24 month from now…
any explanations? many thanks!
i am confused about the day counting there…
schweser mock book1 exam2 PM Q45
why the answer use 180/360? is it because based on 6 month LIBOR? therefore 180?
i thought it should be 180/720 for payoff 24 month from now…
any explanations? many thanks!