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Derive the following models in the HJM framework. State what and are in each of the two models as well. 1 . Vasicek 1 -

Derive the following models in the HJM framework. State what

and

are in each of the two models as well.

1 .

Vasicek

1 -

factor model

2 .

CIR

1 -

factor model

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