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Define a two variable function for s, t 0 by v(s, t) = f (1 + (ts)), if st, 1 + (st), if s
Define a two variable function for s, t 0 by v(s, t) = f (1 + (ts)), if st, 1 + (st), if s > t. Show that v is not a discount function.
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Mathematical Models Of Financial Derivative
Authors: Yue-Kuen Kwok
2nd Edition
3642447937, 978-3642447938
