In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.
I like to do things sort of intuitively, I think.
As much as I don't want to admit it, my fans are the only ones that can hurt my feelings when they're not pleased with what I'm presenting. I want it to be perfect for them. I want them to have a different sense of pride in my music.
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