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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
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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

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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