A general method for valuing complex capital structures
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DOI: 10.1016/j.frl.2019.101304
Abstract: Abstract We develop a numerical method based on the Cox et al. (1979) binomial tree option valuation approach that can accommodate arbitrarily complex capital structures with varying debt maturities and seniorities, as well as preferred stock… read more here.
Keywords: general method; capital structures; method valuing; complex capital ... See more keywords