Free Derivative Pricer

Bond Valuation Based on the Ho & Lee Interest Rate Tree Current Interest Rate Theta Parameter Tree Size This code uses the Ho & Lee model for the term structure of interest rates. It draws a binomial tree of interest rate values, and calculates the bond value of $1,000.00 par zero-coupon bond. Theta parameter can be calibrated and changed over time. The steps have been adopted from Stochastic Calculus for Finance 1 by Shreve. However, I use continuous rate to calculate bond values. 0.1% 0.25% 0.5% 1% 1 2 3 4 5 End of Period: 1 Rate: Bond Value: