The Comparsion of Corporate Default Probability Model:Option Pricing Model versus BGM Model
碩士 === 國立高雄第一科技大學 === 金融營運所 === 96 === Abstract Probability default can be estimated by stock price and corporate bond price. Our search count Probability default by Bond Pricing Model (BGM，1997) and Stock Pricing (Merton，1974) and then compared with them which one is more close to CDS spread....
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/86358032406538033726 |