Testing Merton's Model for Credit Spreads on Zero-Coupon Bonds
Preprint
- 1 January 2002
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Structural models for valuing corporate bonds (beginning with Merton (1974)) have been criticised for giving spreads which are (a) too small and (b) have a termKeywords
All Related Versions
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