Dear Sonja,
I think both are lines that you should know by heart. Although I dislike the formula sheet, I am happy to include formulas for which we have not seen the intuition behind (e.g., Duration approximation, annuities, etc.). However, we have studied CML and SML a lot.
I think both are lines that you should know by heart. Although I dislike the formula sheet, I am happy to include formulas for which we have not seen the intuition behind (e.g., Duration approximation, annuities, etc.). However, we have studied CML and SML a lot.