How to study for preliminary exams…
A student on the AO asked about how to study for preliminary exams. Here is my response.
A student on the AO asked about how to study for preliminary exams. Here is my response.
Here is a picture of how the BAII Plus TVM (time value of money) worksheet works:
Sorry but last time I fixed the video, but still had a mistake in the notes. The notes have now been fixed. Please download an updated version of the notes for lesson B.3.1.
There were two errors in lesson B.3.1 that have been fixed in the outline, handouts and videos.
On page 2
long position + purchased put = call option + borrow strike price
should be
long position + purchased put + borrow PV strike = purchased call
On page 3
short position + purchased call = purchased put + lend strike price
should
short position + purchased call + lend PV strike = purchased put