Derive an explicit formula for the value of the liabilities in the Merton-model of the firm value.
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Derive an explicit formula for the value of the liabilities in the Merton-model of the firm value.
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Ans Consider a companys shares sell for 21059 stock price volatility is 1404 the interest rate is 02175 the strike price is 205 and the expiration tim...View the full answer
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