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List the standard Market Model for Cap Market and Swaption Market respectively. Explain the difference between these two models.

Math/Physic/Economic/Statistic Problems
1.
List the standard Market Model for Cap Market and Swaption
Market respectively. Explain the difference between these two
models.
2.
Why Proposition 6.3.1 (Page 213 in the textbook pdf) is useful?
Give an example when one would need to know the dynamic of
Fk under Ti-forward measure?