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Interest-Rate-Dependent Assets

  • Steven E. Shreve
Part of the Springer Finance book series (FINANCE)

Abstract

In this chapter, we develop a simple, binomial model for interest rates and then examine some common assets whose value depends on interest rates. Assets in this class are called fixed income assets.

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Copyright information

© Springer Science+Business Media New York 2005

Authors and Affiliations

  • Steven E. Shreve
    • 1
  1. 1.Department of Mathematical SciencesCarnegie Mellon UniversityPittsburghUSA

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