KEY ELEMENTS IN A DYNAMIC TERM STRUCTURE MODELEQUILIBRIUMARBITRAGE-FREECONTINUOUS TIME/CONTINUOUS STATECOMPLETENESS OF MARKETSDYNAMIC TERM STRUCTURE MODELSPOT-RATE MODELBOND-PRICE VALUATION MODELTHE TERM STRUCTUREAPPLICATIONS OF THE TERM STRUCTURE MODELTERM STRUCTURE OF FORWARD RATESHEATH, JARROW, AND MORTON MODEL OF THE TERM STRUCTUREMARKET PRICE OF RISKBOND PRICINGCHANGE OF NUMERAIREMARKET MODELSINTEREST RATE DERIVATIVESDESIGNING YOUR NEXT MODELKEY POINTS