QUIZ

  1. Why is it desirable to keep the GUI ‘dumb’ by moving the quantitative intelligence away from it?
  2. How does the pricing tool resemble a generic word processor?
  3. Define an interest rate swap (IRS) using the pricing tool.
  4. Edit the IRS using the pricing tool and generate a ‘model’ to price it.
  5. Edit the IRS in its XML form using a text editor and add a new parameter. Study its behaviour in the pricing tool. (You will have to recompile the ‘model’ DLL.)

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