When a firm has risky debt its equity can be viewed as an
When a firm has risky debt, its equity can be viewed as an option on the total value of the firm with an exercise price equal to the face value of the debt.
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you are considering buying or leasing a new latest bmw modelthe dealer offers you the following terms on a
when a firm has risky debt its equity can be viewed as an option on the total value of the firm with an exercise price
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