Exercise 24.2.6 Verify that f (t, T, L) = 1 L P(t, T) P(t, T +

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Exercise 24.2.6 Verify that f (t, T, L) = 1 L

P(t, T)

P(t, T + L)

−1

is the analog to Eq. (24.2) under simple compounding.

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