@Article{IJNAMB-4-224,
author = {BE  ́ATA STEHL ́IKOV  ́A},
title = {A Simple Analytic Approximation Formula for the Bond Price in the Chan-Karolyi-Longstaff-Sanders Mod},
journal = {International Journal of Numerical Analysis Modeling Series B},
year = {2013},
volume = {4},
number = {3},
pages = {224--234},
abstract = {We propose an analytic approximation formula for pricing zero-coupon bonds in the case when the short-term interest rate is driven by a one-factor mean-reverting process with a
volatility proportional to the power the interest rate itself. We derive its order of accuracy. 
Afterwards, we suggest its use in calibration and show that it can be reduced to a simple optimization
problem. To test the calibration methodology, we use the simulated data from the Cox-Ingersoll-
Ross model where the exact bond prices can be computed. We show that using the approximation
in the calibration recovers the parameters with a high precision.},
issn = {},
doi = {https://doi.org/},
url = {http://global-sci.org/intro/article_detail/ijnamb/255.html}
}