The expression for a(t,T ) derived from in (7.2.38b) involves (t). It may be desirable to express
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The expression for a(t,T ) derived from in (7.2.38b) involves ∅(t). It may be desirable to express a(t,T ) solely in terms of the initial bond prices B(0,T) for all maturities. Show that (Hull and White, 1994)
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