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指導教授:戴天時 指導教授:戴天時

指導教授:戴天時 - PowerPoint Presentation

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Uploaded On 2016-06-13

指導教授:戴天時 - PPT Presentation

學 生王薇婷 3 First Passage Time Model I ntroduction The Firstpassagetime approach extends the original Merton model by accounting for the observed feature The default not only at the debts maturity but also prior to this date ID: 361096

passage time lemma model time passage model lemma default barrier process respect bond times maturity results probability merton debt

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