In the Libor Market Model (LMM)which of the Following Is

question 11

Multiple Choice

In the Libor Market Model (LMM) which of the following is not a beneficial feature of the model?

• A)The LMM only requires one factor for each rate.
• B)The model is easily calibrated to the Black model caplet/floorlet prices.
• C)The evolution of Libor rates is modeled directly.
• D)It is easily implemented on a recombining tree.

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