1 minute reading time (139 words)

What is the fair price of one dollar?

cover

Understanding the concept of "TRADABLE" will reveal a surprising answer to this question!

 A few years ago, when I was still working as a quant for a big bank in London, my typical good morning question waiting for me in the office would be an abstruse sentence such as:

What is the fair price of a custom-made inflation bond convertible into equity that a client in Singapore would be interested in structuring and issuing?

The first thing I decided to do after I quit my good-paying job in 2009 and went home to prepare myself a cup of coffee and smoke a cigarette — smoking is bad for your health nevertheless! — was to pose myself a … much more difficult question:

"What is the fair price of one dollar?"

...

Read the rest of this article at What is the fair price of one dollar?

Should I use a Trading Simulator to learn how to t...
Can Excel Spreadsheet Cells contain Objects direct...