Probability, Expected Payoffs and Expected Utility
Useful financial functions in Excel. Formula auditing toolbar ... There are two aspects to calculating the fraction a of a year to which to which an interest payment applies - the day count convention. æ determining the year fraction aHd1, d2L given d1 and d2. This is known as the basis. æ determining d1 and d2. The most frequently encountered of the bases are: æ actual/365 aHd1, d2L = d2 ... ................
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