<t>unrisk, since you seem to be on this forum, do you mind answering the questions about the website?I'm a bit apprehensive about the code issue. I typed up your BinomialEuropeanCall2 function and noticed that the book had a typo--the code can't run as it was printed. Were these functions not tested...

<t>QuoteOriginally posted by: AnalyticalVegaFinally! Amazon says they are preparing to ship this book to me. About time!That's great news. What country are you in? I received my print copy a couple of weeks ago from them. Because I was tired of waiting (had ordered the book months ago), I also bough...

<r>QuoteOriginally posted by: pceruttiI just bought the book from my store in Milan but I cannot find where to go to download the accompanying software.I go to <URL url="http://www.unrisk.com/workout">www.unrisk.com/workout</URL> but at this address I am not able to find any download link. Any sugge...

<t>I believe that using GBM, which many option pricing formulas assume, the distribution of log returns will be:~Normal ( log S + (r - sigma^2/2)*T, sigma^2 * T)This is assuming your drift is set to the risk-free rate of return. So if you have a zero interest rate and a positive volatility (positive...

<t>QuoteOriginally posted by: halikQuoteOriginally posted by: ymousQuoteOriginally posted by: halikQuoteOriginally posted by: cplxphil Suppose someone like me were able to develop a mostly automated process capable of allowing me to consistently generate 30-40% returns annually. -PhilQuoteThere is a...

<t>I believe that the MBS is paper backed entirely by mortgages. CDOs can take slices of any debt obligation (like a mortgage backed security) and package them together as one instrument. So I think the MBS will typically have whole mortgages in it (likely from geographically disparate areas), and a...

So I take it then you aren't choosing to go to either CMU or Chicago? That's a bummer...I was hoping to meet someone from the forums there.

<r>QuoteOriginally posted by: pgeek1Basic Q: Will an MSFM benefit a person wanting to work in prop trading, trading something like futures? Most of MSFM will be option pricing, but trading shops in chicago mostly do not deal in derivatives (AFAIK, but I may be wrong). Though statistics courses will ...

<t>QuoteThis thread has been very informative for me, thank you all so much for your insight. This is a great board. It sounds like in past years, CMU might have been the right choice if I was shooting for a big IB job in NYC. Given the current state of the industry, the Chicago location is a huge p...