Just to tell people that there is an error in Elan guides, Book 5 page 92. LVL 1
ApproxCon = ( (PV-) **+ (**PV+) - (2PV0) ) / (change in yields)squared x (PV0)
This is the correct formula.
If anyone has other errors in the books, I’m interested.
Just to tell people that there is an error in Elan guides, Book 5 page 92. LVL 1
ApproxCon = ( (PV-) **+ (**PV+) - (2PV0) ) / (change in yields)squared x (PV0)
This is the correct formula.
If anyone has other errors in the books, I’m interested.