CAPITAL MARKETS - COMPANION FILES
julianrsterling.com/ardennes

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's four workbooks, corrected
   The_Interpolation_Workbook.xlsx    Chapters 1 to 3
   The_Cost_Workbook.xlsx             Chapters 6 to 8
   The_Placement_Workbook.xlsx        Chapters 12 to 14
   The_Register.xlsx                  Chapter 16
   00_START_HERE.md                   what changed is at the end
   Each workbook closes on a Checks sheet: 272 checks in all, every one PASS.

2. Blank_Model_Set/  (new)
   The four workbooks with the 89 inputs of their Inputs sheets emptied,
   for your own transaction. Each Checks sheet counts what is still
   missing and tests what holds for any inputs. The book's figures are in
   book_inputs.txt: type them back in and the book's results come back.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: the secondary curve read four ways, the
   pricing note header, the bond's bill in three lines, the two thresholds,
   the first day, the funding comparison across currencies, the allocation
   record, the execution log, the announcement's four references, the
   wall-crossing log and the pre-sounding close, the placement's bill,
   cost per euro with its conventions stated, and the register. A4, fits
   Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_The_Retention_The_Allocation_Rests_On.xlsx    Chapters 9 and 16
   Case_2_The_Ratio_That_Should_Never_Be_A_Point.xlsx   Chapters 15 and 16
   Case_3_What_The_Fee_Negotiation_Was_Worth.xlsx       Chapters 12 to 14
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
