Hi,
Can anyone demonstrate an example of how the rates in the Vasicek model tree is calculated? I am looking at Tuckman's chapter 9 study notes on page 57 (see attached). For example, how is the rate at (1,1) of 5.5060% calculated?
Thank you
In Dowd's example under evaluating estimators of risk measures in chapter 3, in the first bullet point, I don't understand how did he came up with "the probability of a loss exceeding 1.695 is 4.5%", and also "probability of a profit or loss less than 1.595 is 94.46%"?
Can someone care to...
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