Valuing Commercial Mortgages: An Empirical Investigation of the Contingent- Claims Approach to Pricing Risky Debt
- 1 June 1989
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 44 (2) , 345
- https://doi.org/10.2307/2328594
Abstract
This paper empirically investigates a contingent-claims model of commercial mortgage pricing. We find that the magnitude of the observed default premia for a sa...This publication has 0 references indexed in Scilit: