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State and discuss the non-arbitrage characteristics of the unit ZCB prices (v(t,s)). Then demonstrate, analytically or numerically, that if the market does not allow arbitrage

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State and discuss the non-arbitrage characteristics of the unit ZCB prices (v(t,s)). Then demonstrate, analytically or numerically, that if the market does not allow arbitrage opportuniti then v(t,s)>v(t,s) for any s>s. State and discuss the non-arbitrage characteristics of the unit ZCB prices (v(t,s)). Then demonstrate, analytically or numerically, that if the market does not allow arbitrage opportuniti then v(t,s)>v(t,s) for any s>s

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