View Full Version : Teng Perkins Exhibit 3
08-15-2007, 11:02 PM
Can someone please explain the intuition on how they came up with these CPDLD ratios? I'm not really following this.
 is the incremental PD,  is the incremental LD.
 is just the ratio of future CPD to future CLD. The future CPD resulted from the future CLD.
08-17-2007, 07:47 AM
Yeah this makes sense. I guess its pretty obvious now.
Thanks for your help!
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