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Pricing Corporate Securities as Contingent Claims
Pricing Corporate Securities as Contingent Claims
Author: Kenneth D. Garbade
In 1973, Fischer Black, Myron Scholes, and Robert Merton pointed out that securities issued by a corporation can be priced as claims whose values are contingent on the value of the enterprise as a whole. The notion of treating corporate securities as contingent claims is intrinsically important, but it is also important because it integrates a v...  more »
ISBN-13: 9780262072236
ISBN-10: 0262072238
Publication Date: 12/1/2001
Pages: 480
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Publisher: The MIT Press
Book Type: Hardcover
Members Wishing: 0
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