In this paper we focus on the concept of a discount rate. In [1] one expressed some concerns regarding the models that present randomization of the discount rate. This paper proposed a new approach to the construction of variable deterministic and stochastic interest rates. This approach is...

This paper focuses on the concept of a discount rate. In [1] one expressed some concerns regarding the popular models of the randomization of the discount rates. This paper proposes a new approach to construction of variable deterministic and stochastic interest rates. This approach is based on...