Consider a One-Factor HJM Model Where the Initial Forward Curve $T$

question 10

Multiple Choice

Consider a one-factor HJM model where the initial forward curve is given as 6% for one year and 7% between one and two years. The evolution of continuously-compounded one-year forward rates beginning at time $T$ , is given by the following binomial process: $f ( t + 1 , T ) = f ( t , T ) + \alpha \pm 0.02$ , where the up and down movements are equiprobable. What is the price of a $100 notional one-year floor on the one-year forward rate at a strike rate of 7%.

• A) 0.85
• B) 0.89
• C) 0.95
• D) 1.00

Recognize the strategies behind pricing adjustments and allowances to stimulate specific behaviors in the distribution chain.

Understand the purposes and functionalities of various wireless technologies and protocols.

Gain knowledge on mobile device operations including operating systems and connectivity options.

Identify tools and methods for enhancing mobile device utility and troubleshooting.

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