2026-07-072026-07-07http://salesiana.dossiersoluciones.com/handle/123456789/210192This paper gives examples of explicit arbitrage-free term structure models with Lévy jumps via state price density approach. By generalizing quadratic Gaussian models, it is found that the probability density function of a Lévy process is a "natural" scale for the process to be the state variable of a market.ProbabilityComputational Finance91B70, 60G52text