微信扫一扫
实时资讯全掌握
| Which of the following statements about Monte Carlo simulations is least accurate? A. The simulations can compensate for prepayment burnout. B. The simulations determine value by adding the zero-volatility spread to every spot rate along every interest-rate path. C. Effective models must include assumptions about interest-rate paths, rate volatility, benchmark interest rates, and prepayments. |