标题: CFA II 二叉树模型求解！ [打印本页] 作者: wvngbvao483 时间: 2017-4-15 12:03 标题: CFA II 二叉树模型求解！
求解：if the binomial lattice is correctly calibrated, it should give the same value for an option-free bond as using the par curve used to calibrate the tree,这句话怎么理解啊？用par curve不是price就一定是100了吗？作者: vincent9125 时间: 2017-5-10 11:12
Par curve is constitute using zero coupon bond, however, different bond may have different coupon rate, which cause them to trade at different price, and thus, not equal to 100作者: e_mailfly 时间: 2018-1-19 16:01
這位同志你好
在使用binomial Tree model，在每一期別是使用one-period forward rate一期一期回推債券價值。
