Risky Debt, Jump Processes and Safety Covenants (Classic Reprint)

Language: English

Published by Forgotten Books, 2018

1332280439 / 9781332280438

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Print on Demand. This book examines the valuation of risky debt in the presence of safety covenants, which stipulate that bondholders are entitled to immediate settlement of their claim on a firm if its value falls below a specified level. The author develops an approach to this valuation problem and provides specific results, comparing them to previous work in the field. The book also explores the impact of jump processes, sudden and significant changes in firm value, on the valuation of safety covenants. The author argues that these processes, often caused by the arrival of new information, can alter the value of debt, as the firm's value may reach points below the safety covenant without first passing through it. The book's analysis and insights provide valuable guidance for understanding the complex factors that influence the valuation of risky debt with safety covenants. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

Seller Inventory # 9781332280438_0

Title
Risky Debt, Jump Processes and Safety Covenants (Classic Reprint)
Author
Scott P. Mason
Publisher
Forgotten Books
Publication year
2018
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1332280439
ISBN 13
9781332280438
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Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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FB &c Ltd

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