Hostname: page-component-78c5997874-4rdpn Total loading time: 0 Render date: 2024-11-16T00:39:23.213Z Has data issue: false hasContentIssue false
  • English
  • Français

The Valuation of Corporate Liabilities as Compound Options: A Correction

Published online by Cambridge University Press:  06 April 2009

Robert Geske  and
H. E. Johnson
Get access Rights & Permissions [Opens in a new window]

Extract

Geske derived in [1] expressions for the values of junior and senior debt and equity. In this paper, some confusion about these expressions is cleared up, and an error is corrected. We use the same notation as in [1].

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 19 , Issue 2 , June 1984 , pp. 231 - 232
Copyright
Copyright © School of Business Administration, University of Washington 1984

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

[1]Geske, R. “The Valuation of Corporate Liabilities as Compound Options.” Journal of Financial and Quantitative Analysis, Vol. 12 (11 1977), pp. 541–552.CrossRefGoogle Scholar