R. C. Merton, On the Pricing of Corporate Debt: The Risk Structure of Interest Rates, Journal of

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R. C. Merton, “On the Pricing of Corporate Debt: The Risk Structure of Interest Rates,”

Journal of Finance 29 (1974), pp. 449–70; F. Black and M. Scholes, “The Pricing of Options and Corporate Liabilities,” Journal of Political Economy 81 (1973), pp. 737–59.

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