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Convexity is a measure of the curvature or 2nd derivative of how the price of a bond varies with interest rate, i.e. how the duration of a bond changes as the interest rate changes. [3] Specifically, one assumes that the interest rate is constant across the life of the bond and that changes in interest rates occur evenly.
Yet, clearly the bond angles between all these molecules deviate from their ideal geometries in different ways. Bent's rule can help elucidate these apparent discrepancies. [5] [20] [21] Electronegative substituents will have more p character. [5] [20] Bond angle has a proportional relationship with s character and an inverse relationship with ...
In practice the most significant of these is bond convexity, the second derivative of bond price with respect to interest rates. As the second derivative is the first non-linear term, and thus often the most significant, "convexity" is also used loosely to refer to non-linearities generally, including higher-order terms.
For the simplest AH 2 molecular system, Walsh produced the first angular correlation diagram by plotting the ab initio orbital energy curves for the canonical molecular orbitals while changing the bond angle from 90° to 180°. As the bond angle is distorted, the energy for each of the orbitals can be followed along the lines, allowing a quick ...
The convexity property can make optimization in some sense "easier" than the general case - for example, any local minimum must be a global minimum. Convex polygon - a 2-dimensional polygon whose interior is a convex set in the Euclidean plane. Convex polytope - an n-dimensional polytope which is also a convex set in the Euclidean n-dimensional ...
Molecular geometries can be specified in terms of 'bond lengths', 'bond angles' and 'torsional angles'. The bond length is defined to be the average distance between the nuclei of two atoms bonded together in any given molecule. A bond angle is the angle formed between three atoms across at least two bonds.
Certain atoms, such as oxygen, will almost always set their two (or more) covalent bonds in non-collinear directions due to their electron configuration. Water (H 2 O) is an example of a bent molecule, as well as its analogues. The bond angle between the two hydrogen atoms is approximately 104.45°. [1]
In financial mathematics, the Ho-Lee model is a short-rate model widely used in the pricing of bond options, swaptions and other interest rate derivatives, and in modeling future interest rates. [1]: 381 It was developed in 1986 by Thomas Ho [2] and Sang Bin Lee. [3] Under this model, the short rate follows a normal process: