What is the whole list of assumption that Ho Lee model was under?

Please briefly describe how was each assumption match the real world finance/economics applications so that it shows how the model can had real application.

I can find no reference to these question.

  • $\begingroup$ What do you want? Please clarify your question. $\endgroup$
    – user16651
    Dec 28, 2016 at 8:15
  • $\begingroup$ @BehrouzMaleki The question is asking how to derive the model from a list of assumption. $\endgroup$
    – Victor
    Dec 28, 2016 at 19:26


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