Excel appendix discounted CF
In the illustrated excel file, there is the extra step of converting the AY allocation to an issue-year allocation by averaging successive years for calculating discounted cash flows.
While in CIA.Duration, Appendix B Sh1 - LIC, there is no extra step on AY allocation.
Sort of confusing when shall it be added?
Comments
Don't bother with issue year, unless they specifically ask for it (which they probably won't)