3 Comments
 

Hey LaNoob, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:

  • What counts as "debt" in an enterprise value calculation? facility count as a "debt" in the EV calculation? Calculation ... I know every guide says "debt" is added to enterprise value, but what exactly comprises ... debt? Is it any long-term liability? Do short term notes count under this definition? Would a credit ...
  • Final Count Down until My IB Start Date- What should I be mastering? to WSO for shining the light) and I start in the coming weeks. My question for all of you seasoned ... vets is what should I focus on to prepare during my final days. Now I like to think I am somewhat ... things I should master before stepping foot in the office, what should they be? Feel free to give a top ...
  • Do I Still Count As An Employee? typically busier now, but nope. When i applied to my SA positions, I put the dates on my resume as last ... should I be worrying over this? I'm not sure what to think because I still get timecards made for me ... and I'm still emailed as a student worker, but I haven't worked any hours this school year. ...
  • Every Second Counts quite shit at helping others personally in general so don't expect much or in fact anything. What ...
  • Do you count calories? Does anyone here count / at least care about calories? I find that with banking lifestyle (no time ... for gym, sit on your chair all day etc) you almost have to start doing it... Curious to hear what ...
  • Columbia University- Should it really count as a top tier university? taking this class next semester? Does getting pepper-sprayed count as extra credit? Columbia University ... her nights camped out in Zuccotti Park. As many as 30 students will be expected to get involved in ... absolute certainty that there is no foreseeable risk in teaching this as a field-base class." She said ...
  • As my username suggests, not sure what to do... year in banking. As my username suggests, I am fully burned out, and was fully burned out during my ... paperwork signing occurs so early that you don't fully have an appreciation for a) what you're ... currently doing to your body and mind by working 90+ hours a week and b) what ramifications on your body and ...
  • More suggestions...

No promises, but thought I'd mention a few relevant users that work in the industry: sarah.hoitsma mzsaxena @juked07"

Hope that helps.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Best Response

Depends on who you ask

I would a bermudan callable is a light exotic, bullet (non-callable) range accruals

Any exotic is an instrument that cannot easily be replicated. Often, these instruments have a correlation element as well.

We can loosely replicate a bermudan option from a strip of europeans, but this fails to consider the correlation between the exercise dates and the sensitivity to the shape of the yield curve

A range accrual can be thought of as portfolio of daily digital options. Digitals do not trade in the market, but we can loosely replicate these with tight vanilla call spreads. Of course, this is not a perfect hedge

 

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