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Market value, Leverage, LIBOR

Wednesday, May 21, 2008
Since banks occupy a privileged position in the capital markets (they get to turn over the various national money supplies), knowing their costs is very valuable information..

A SQUARE :: 21May08 Market value, Leverage, LIBOR
Category Valuation
Faculty Don Brownstein
Expertise Structured Portfolio Management
Author Sona Blessing
Faculty Name
"...when not much market activity is available to determine prices there is likely to be significant disagreement as to what the “correct” price (strictly speaking, of course, there is no such thing – under these circumstances – as a correct price)..."
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