The words contained in this file might help you see if this file matches what you are looking for:
...Question we can verify the conversion factor for year semi annual bond by calculating in excel price eight calculate a of note that those values are par so factors obtained dividing above results cheapest to deliver is one which quoted settlement invoice least or maximum now position difference between and market using futures see it more advantageous short as owner make small profit delivering he would lose money if delivered forward interest rate time period months per annum with continuous compounding because when combined gives an average month quarterly e q spread rates offered x y on fixed investments floating this means total apparent benefit all parties from swap will go bank leaves each other words company should be able get return while libor required following libo r has comparative advantage canadian dollar b us however wants borrow rise opportunity differential differentials potential gain therefore financial institution requires made better off thus designed provides doll...