Extending from the Brennan and Schwartz real option model of a firm, the chapter treats the firm as a contingent claim on the business risk. This chapter introduces the aprimitive firm, a which enables us to value firms with operating leverageanbsp;...
|Title||:||The Credit Market Handbook|
|Author||:||H. Gifford Fong|
|Publisher||:||John Wiley & Sons - 2006-02-02|