The results show that the strategy of risk immunization proposed in this paper is very effective at the interest risk management of the default-free bond.
结果表明,所提出的风险免疫策略能有效地防范和控制无违约债券的利率风险。
In case of single-factor interest rate models, there is only one state variable, the default-free instantaneous interest rate.
单因子利率模型中,只设定一个状态变量,即无违约风险的瞬时利率。 瞬时利率的运动变化决定了整个利率期限结构的运动变化。
In case of single-factor interest rate models, there is only one state variable, the default-free instantaneous interest rate.
单因子利率模型中,只设定一个状态变量,即无违约风险的瞬时利率。 瞬时利率的运动变化决定了整个利率期限结构的运动变化。
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