Rational Pricing of Adjustable Rate Mortgages
提出了一种对可调利率抵押贷款进行估值的一般方法，并通过模拟结果证明该方法可行，主要贡献在于方法本身。
In this paper we develop a general method for valuing adjustable rate mortgages and by producing a set of simulation results, we show that our approach can be implemented. While the simulations are of interest in their own right, we view the approach itself as the major contribution of the paper.