FRM: Cheapest to deliver (CTD) Treasury bond
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16 سال پیش
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In the last screencast, we
In the last screencast, we noted the role of the conversion factor (CF) is to make the short (in a Treasury bond futures contract) almost indifferent in delivery among several different eligible government bonds. The "almost" indifferent refers to the idea that the short can maximize his/her profit by selecting the cheapest to deliver (CTD) bond. The cheapest to deliver (CTD) bond minimizes [cost to acquire -- proceeds received] or maximizes [proceeds received -- cost to acquire]. For more financial risk videos, visit our website! http://www.bionicturtle.com
16 سال پیش
در تاریخ 1387/06/11 منتشر شده
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