1. 

   ping2002 Member

   I don't understand
   
   g(1-t1) = 0.09/1.10*0.9 = ¬¬¬
   
   I don't understand where the 1.10 come from???

    

   ping2002, Apr 14, 2008

   #1
2. 

   xdorax Member

   1.1 is the redemption rate - as it can be redeemed at 110 per 100

    

   Last edited by a moderator: Apr 14, 2008

   xdorax, Apr 14, 2008

   #2
3. 

   ping2002 Member

   I think so, but why? why divide the redemption rate?

    

   ping2002, Apr 14, 2008

   #3

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