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M. Tehranchi

1 paper hereh-index 131k citations32 works total

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  • math.PR1

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1 paper

math.PR2004

A Characterization of Hedging Portfolios for Interest Rate Contingent Claims

Rene Carmona, Michael Tehranchi

We consider the problem of hedging a European interest rate contingent claim with a portfolio of zero-coupon bonds and show that an HJM type Markovian model driven by an infinite n…

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