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Sir i have doubt on this formula First Leg = Nominal Value x (Dirty Price/100) x (100-Initial Margin/100) Here, why Dirty Price is divided by 100? My doubt is why divided by 100? is it face value or something else. [Video Time Stamp: 06:26] Video Details ------------- Advanced Financial Management - AFM Security Valuation - Bonds #79. Illustration # 41 - Repo
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