Level i ss18 Study guides, Class notes & Summaries
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CFA Level I SS18
- Exam (elaborations) • 258 pages • 2023
- $16.49
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Average Revenue > ATC Balance Sheet CDO Average Revenue > AVC Bank Discount Yield Backfilling Bias Banker's Acceptance Backwardation Banker's Acceptances 8a Created by a bank to reduce its loan exposure on its balance sheet Firm should stay in business for long-run = ((face value - market value)/(face value)) * (360/days until maturity) Firm continue production Guarantees by a bank that a loan will be repaid; Part of a commercial transaction; Gives assurance to counterpart...
