Re:BF good case memo

Here are my comments and additions. This swap case is a very popular one since
it was the first known interest rate swap and one I've studied before.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject: BF good case memo
Author: dwindham@uclink4.berkeley.edu (Dylan Windham)
Date: 03/11/2001 11:46 PM

OK gang,

Here is a draft of the memo. I extended my analysis to try and quantify
limiting conditions for partners on a and x. The problem is that with my
estimates even using the lower limits the deal will never be profitable for
BF Goodrich. Please check my math, I know I must have made an error.

Anyway, I hope that we can possibly talk about it at break tomorrow.

Dylan

- BF Good Memo 0311.doc
- BF Good Exhibits.xls
- BFG Dylan.doc