firm-debt-equity
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K
Details when solving the BSM model for the company's asset value
Hi, in the instruction vide, Hull, Chapter 17. Estimating Default Probabilities, 52:26, how do we solve the unknown A0 (company's asset value) without knowing the N(d1) and N(d2) ? The narration just said "plug in the numbers", and the GARP book also doesn't say anything. Can someone please...- kc
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- Forum: P2.T6. Credit Risk (25%)