Question
You have modeled the price of a callable bond using the Ho-Lee interest rate model. If the volatility parameter you choose is too low, what
You have modeled the price of a callable bond using the Ho-Lee interest rate model. If the volatility parameter you choose is too low, what effect will it have on the model price of the bond?What effect would it have on the model price of a bullet bon
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
