Explain why in practice arbitrage-free models are typically used rather than equilibrium models.

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:39 AM

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Explain why in practice arbitrage-free models are typically used rather than equilibrium models.

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Interestrate models fall into two general categories arbitrage model...View the full answer

Bond Markets Analysis and Strategies

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