<t>This sounds like a gamblers ruin problem. The answer is he has a 50/50 chance of getting to either side. In gamblers ruin when the probability of losing is equal to the probability of winning (in this case prob of going left or right) the probability of winning is just the distance from the winni...

<t>Hi everyone. I got through the online test for the Financial Program Developer and now have a phone interview next thursday. After reading other posts about the job seems like they're going to be asking me about C+ or Java. I don't have really know much programming language though. What should I ...

No I did a 5 yr BS/MA in Economics in 4 1/2 years. If I hadn't done the Masters part I would've graduated right before the recession.

I did, didn't get in. Besides I don't have that passion for economics to a PHD.

Hi, I graduated from school in December with an MA in Econ and Fin and like most of you have not been able to find a job. I am looking to get into a quantitative financial position. Does anyone have any recommendations on finding a position? I live in NY.

Got to do it, doesn't matter why. Still trying to figure it out, how exactly do i summate cash flows, are cash flows the accrued interest for that day? and if so what should t be equal? days left to coupon payment or expiration?Always a lovely day for a guinness.

<t>Well for Antonio, I used Excel formula to calculate price and duration which is it a lot easier, at least for duration. And Excel doesnt have a formula for convexity of a bond. The formula I have is Cx = {Summation[PV(CFt)*t^2] + PV(FV)*t^2}/2Price I can't figure out how to use it to calculate th...

<t>I need help trying to calculate convexity in Excel. Since it does not have the formula, I have been trying to wrap my brain around it to enter it manually but unsuccessful. Can anyone give me advice on how to either program a formula using the information I have. I have yields for four years of i...