-
Yield to maturity modelling and a Monte Carlo Technique for pricing Derivativ...
This paper proposes a Monte Carlo technique for pricing the forward yield to maturity, when the volatility of the zero-coupon bond is known. We make the assumption of... -
On the survival of a class of subcritical branching processes in random envir...
Let $Z_{n}$ be the number of individuals in a subcritical BPRE evolving in the environment generated by iid probability distributions. Let $X$ be the logarithm of the...
