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Firm and Corporate Bond Valuation: A Simulation Dynamic Programming Approach

  • Augusto Castillo
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    This paper analyzes corporate bond valuation of a straight bond, and the convertibility feature, when interest rates are stochastic and the firm value is determined by the interaction of a series of stochastic variables. The sensitivity of the corporate d

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    File URL: http://www.economia.puc.cl/docs/124casta.pdf
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    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía-Latin American Journal of Economics.

    Volume (Year): 41 (2004)
    Issue (Month): 124 ()
    Pages: 345-360

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    Handle: RePEc:ioe:cuadec:v:41:y:2004:i:124:p:345-360
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