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Forward rates calculating

From Figure 7.3, we see fliat to price a very Iraig-dated bond off the yield of the 30-year government bond would lead to errors. The unbiased expectations hypothesis suggests that 100-year bond yields are essentially identical to 30-year yields however, this is in fact incorrect. The theoretical 100-year yield in fact will be approximately 20-25 basis points lower. This reflects the convexity bias in longer dated yields. In our illustration, we used a hypothetical scenario where only three possible interest-rate states were permitted. Dybvig and Marshall showed that in a more realistic environment, with forward rates calculated using a Monte Carlo simulation, similar observations would result. Therefore, the observations have a practical relevance. [Pg.147]

From data that was interpolated using the linear method versus data interpolated using the cubic spline, a comparison of forwards shows how the forwards in a cubic spline environment can oscillate. As expected, the relatively minor oscillations observed first in the zero rates curve are compounded excessively in the forward rate calculation. The linear interpolation approach eliminates much of the oscillation but of course is not a smooth curve, which is as undesirable. The user is confronted with the need to balance the conflicting requirements a trade-oflF is called for, and... [Pg.114]

FiRMRF g.l6 Forward Rates Calculated Usine Linear Interpolation... [Pg.116]

The crucial ingredient in a reaction rate calculation is the identification of reactive trajectories. To this end, initial conditions sampled from Eq. (49) are propagated forward and backward to a time 7)nt. Those trajectories that begin on the reactant side of the barrier at t = — 7jnt and end on the product side at t = +T-mt are then regarded as (forward) reactive. The identification of reactive... [Pg.218]

SAQ 8,22 A simple first-order reaction has a forward rate constant of 120 s 1 while the rate constant for the back reaction is 0.1 s F Calculate the equilibrium constant K of this reversible reaction by invoking the principle of microscopic reversibility. [Pg.405]

MECHMOD A utility program written by Turanyi, T. (Eotvos University, Budapest, Hungary) that manipulates reaction mechanisms to convert rate parameters from one unit to another, to calculate reverse rate parameters from the forward rate constant parameters and thermodynamic data, or to systematically eliminate select species from the mechanism. Thermodynamic data can be printed at the beginning of the mechanism, and the room-temperature heat of formation and entropy data may be modified in the NASA polynomials. MECHMOD requires the usage of either CHEMK1N-TT or CHEMKIN-III software. Details of the software may be obtained at either of two websites http //www.chem.leeds.ac.uk/Combustion/Combustion.html or http //garfield. chem.elte.hu/Combustion/Combustion. html. [Pg.750]

Calculate the Forward Rate Constant. From the batch run at 65°C, noting from Example 9.2 that X = 0.89, we find with Eq. (i)... [Pg.217]

In specifying rate constants in a reaction mechanism, it is common to give the forward rate constants parameterized as in Eq. 9.83 for every reaction, and temperature-dependent fits to the thermochemical properties of each species in the mechanism. Reverse rate constants are not given explicitly but are calculated from the equilibrium constant, as outlined above. This approach has at least two advantages. First, if the forward and reverse rate constants for reaction i were both explicitly specified, their ratio (via the expressions above) would implicitly imply the net thermochemistry of the reaction. Care would need to be taken to ensure that the net thermochemistry implied by all reactions in a complicated mechanism were internally self-consistent, which is necessary but by no means ensured. Second, for large reaction sets it is more concise to specify the rate coefficients for only the forward reactions and the temperature-dependent thermodynamic properties of each species, rather than listing rate coefficients for both the forward and reverse reactions. Nonetheless, both approaches to describing the reverse-reaction kinetics are used by practitioners. [Pg.387]

For reactions with optional coverage dependence, the rate of progress is calculated using Eq. 11.104, with the forward rate coefficient from Eq. 11.113. [Pg.470]

Figure 9 shows the temperature dependence of the recovered kinetic rate coefficients for the formation (k bimolecular) and dissociation (k unimolecular) of pyrene excimers in supercritical CO2 at a reduced density of 1.17. Also, shown is the bimolecular rate coefficient expected based on a simple diffusion-controlled argument (11). The value for the theoretical rate constant was obtained through use of the Smoluchowski equation (26). As previously mentioned, the viscosities utilized in the equation were calculated using the Lucas and Reichenberg formulations (16). From these experiments we obtain two key results. First, the reverse rate, k, is very temperature sensitive and increases with temperature. Second, the forward rate, kDM, 1S diffusion controlled. Further discussion will be deferred until further experiments are performed nearer the critical point where we will investigate the rate parameters as a function of density. [Pg.84]

Flux calculations ( 4) show that boundary layer activities are approximately equal to bulk fluid activities for all species other than Ir thus k aH2C0 (o) is replaced by k2aH2C03(B) and k3aH20(o) becomes k3aH20(B). Because the forward rate dependence of reaction 4 is transport-controlled. [Pg.545]

This fact can be used as a self-consistency check of postulated equations for the forward and reverse rates and their coefficients or as a help in deriving the reverse rate equation from the forward one or to calculate the reverse rate coefficient from the forward one and the equilibrium constant (or the forward rate coefficient from the reverse one and the equilibrium constant) [11,12],... [Pg.26]

In the ionization of chloroform it is not possible to calculate the rate of recombination of the carbanion with water because a pK value for chloroform is not available. However, since a Bronsted exponent of unity is observed for proton transfer to hydroxide ion it is not unreasonable to assume that the reverse recombination of the carbanion with water occurs at the diffusion limited rate (ca. 1010 1 mole-1 sec-1). Using this value and the forward rate coefficient for proton removal by hydroxide ion, a pTf value for chloroform of 24 is calculated [114]. [Pg.160]

Table III shows the effects of charge density and the diameter of the anionic particles on the forward rate constants (k ) of the association with MATA-2. The charge density on the latex surface clearly affects the k values, which supports the importance of the electrostatic interaction on the association of oppositely charged latex particles. The claim, that the observed rate constant and the theoretical rate constant calculated for neutral particles (by equations (l)-(4)) agreed, would not be physically sound. Table III shows the effects of charge density and the diameter of the anionic particles on the forward rate constants (k ) of the association with MATA-2. The charge density on the latex surface clearly affects the k values, which supports the importance of the electrostatic interaction on the association of oppositely charged latex particles. The claim, that the observed rate constant and the theoretical rate constant calculated for neutral particles (by equations (l)-(4)) agreed, would not be physically sound.
The kinetic view of the equilibrium condition, which emerges from this reasoning, is that the forward rates become equal to the backward rates (not that both forward and backward rates go to zero). Since equilibrium constants can be measured much more accurately than can specific reaction-rate constants (whose uncertainties often exceed a factor of 10), equation (13) is generally used to calculate one specific rate constant from the equilibrium constant and the other rate constant. [Pg.557]

If we exclude the results for BE and assume for the other alcohols that the forward rate constant kj is diffusion controlled and approximately constant, the decrease in the exit rate of the surfactant represents a measure of the Gibbs energy of stabilization per CH2 group of the alcohol. From AGs = RT din (kj")/dnc, AGs = -450 J mol l per CH2. A similar calculation using data derived from the Hall model gives an estimate of AGs = -220 J mol-1 per CH2. [Pg.203]

The observed rate constant, kobs = 150 s , was combined with an independently determined equilibrium constant (0.7-1) to calculate the forward rate constant... [Pg.483]

The reverse rate constants for the elementary reactions used in the present work were caJculated from the forward rate constants and the equilibrium constant by assuming microscopic reversibility. Standard states used in tabulations of thermodynamic data are invariably at 1 atm and the temperature of the system. Since concentration units were required for rate constant calculations, a conversion between Kp and Kc was necessary. Values of Kp were taken from the JANAF Thermochemical tables (1984). Kc was calculated from the expression ... [Pg.268]

The reaction of OH with HCN in aqueous solution at 25°C has a forward rate constant kf of 3.7 X 10 L mol s. Using this information and the measured acid ionization constant of HCN (see Table 15.2), calculate the rate constant in the first-order rate law rate = r[CN ] for the transfer of hydrogen ions to CN from surrounding water molecules ... [Pg.789]

If we assume that the second-order reaction given in equation 1 can be expressed as an equilibrium reaction, then K = kf/kr (K is the equilibrium constant, kf is the forward rate constant of the reaction, and kr is the reverse rate constant of the reaction.) If ° = -1.49 V, then K = 6.2 X 10 26. For the reverse reaction, which is spontaneous, we can assume an upper diffusion-controlled limit for kT of 1 X 1010 M"1 s"1 (17). Thus, k = 6.2 X 10"16, and we calculated a second-order half-life of about 200 billion years at 02 concentrations of 250 xM in the photic zone of the ocean. These rates and the... [Pg.139]

The computer would then look in the rate estimation library for Radical Addition reactions to find the rate parameters that correspond to primary alkyl + ester O . There it would find a set of numerical parameters Ec, a, A, n with estimated uncertainties one could then calculate the forward rate coefficient for the reaction of interest using this Evans-Polanyi modified Arrhenius form ... [Pg.20]


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