FRTS question IEWB Vol 1 Version 2 Lab 7 Question 9.6.

From: Andi Bennett (bigandibennett@yahoo.com)
Date: Tue Aug 01 2006 - 12:15:43 ART

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  Hello.
   
  Perhaps somebody could explain to me the logic and calculation on this question.
  The CIR has been calcualted at 768000, with a bc value of 48384
  How is this acheived? Is this an error in the book?
   
  Any answer would be appreicated.
  
Thanks
Andy.
   
   

                 
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