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14. Use your BlackScholes option pricer to calculate the implied debtequity correlation of Eurotunnel if its market value of equity was GBP 90.58 MM instead

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14. Use your BlackScholes option pricer to calculate the implied debtequity correlation of Eurotunnel if its market value of equity was GBP 90.58 MM instead of GBP 150 MM. (Hint: Since volatility is a function of correlation you will need to create that function and then use Goal Seek: to nd the correlation that causes your equity price to match the market price of equity.)

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