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2. (question 6.) Explain how the Black-Scholes-Merton model has been extended to overcome the assumption that default can only occur at maturity.
2. (question 6.) Explain how the Black-Scholes-Merton model has been extended to overcome the assumption that default can only occur at maturity.
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
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