Using equation (23.13) and the results in Section 23.16, show that the drift rate of the short
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Using equation (23.13) and the results in Section 23.16, show that the drift rate of the short rate at time t in the Ho and Lee model is Gt(0, t), where G(t, T) is the instantaneous futures rate as seen at time t for a contract maturing at time T and the subscript denotes a partial derivative.
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