Pricing Rate Caps on Default-Free Adjustable-Rate Mortgages
收藏NBER1984-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1525
下载链接
链接失效反馈官方服务：
资源简介：
A model is developed and utilized in this paper to value a life of loan interest rate cap on an ARM that reprices monthly. The value of the cap is seen to depend importantly on both the slope of the term structure and the variance of the one month rate. However, the cap value is not sensitive to the
提供机构：
美国国家经济研究局创建时间：
1984-12-01
