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It is acceptable to assert that the ultimate objective of every nation is to increase its prosperity, achieve higher standards of living for its people and improve individual and overall well-being. M...
Market Price of Risk and Random Field Driven Models of Term Structure: A Space-Time Change of Measure Look
Market Price Risk Random Field Driven Models Term Structure
2010/10/20
No-arbitrage models of term structure have the feature that the return on zero-coupon bonds is the sum of the short rate and the product of volatility and market price of risk. Well known models rest...