What is the main drawback for log-normal models such as Black-Derman- Toy and Black-Karasinsky?
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Q1: What happens to the term structure of
Q3: How are Black-Derman-Toy and Black-Karasinsky related?
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Q5: Why are values obtained from the Ho-Lee
Q6: Under the Ho-Lee model how does the
Q7: What are the drawbacks of the Ho-Lee
Q8: Why are Hull-White prices for call options
Q9: What are the main drawback of Normal
Q10: Why are Hull-White prices for call options
Q11: What is the main characteristic of an
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