Better Ingredients – April 2005

相似文件 换一批

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

<P> 135207.pdf (84.17 KB, 需要: 3 个论坛币)

2007-7-10 12:33:00 上传

Better Ingredients – April 2005
需要: 3 个论坛币  [购买]

<BR></P>
<P><FONT color=#1111ee><STRONG>In this month's research note, we examine the relationship between the equity, equity options and credit markets through the structural model framework. Using our CreditGrades implementation of the structural model, we investigate the ability of the model to forecast actual credit spreads. We analyze Vivendi Universal, which underwent a credit crisis in 2002, but has now recovered, and General Motors, which is arguably the most watched credit at present. From our analysis of these two firms, we learn that options information can significantly improve the model's spread forecasts, and that taken together, the options and credit markets can inform us on the true level of a firm's leverage. We conclude with some thoughts on how these modeling enhancements can help risk managers in practice.</STRONG></FONT> </P>

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：Ingredients better April Bet Apr April better Ingredients

than kyou