Unlock the secrets of forward interest rates with the Heath-Jarrow-Morton (HJM) Model. Dive into how this advanced model shapes interest-rate-sensitive securities pricing and its application in financial derivatives.
Explore the Binomial Option Pricing Model, an intuitive and flexible method to value options by breaking down the price movements into bi-conditional paths. Learn its advantages over the Black-Scholes model, real-world applications, and a step-by-step guide to calculating option prices.