Calculation of Forward Volatility under Deterministic Volatility

Forward Vol = sqrt[{ Vol_b ^ 2 * b - Vol_a ^ 2 * a } /(b - a)]

Where time a and time b are dates in the future and a < b. Vol_b is the implied or actual volatility at time b and Vol_a is the implied or actual volatility at time a.

What did I say then?

Tung makes inquiries over threats (7 years 36 weeks ago):

Stanley Ho is a guy with a virtue......
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