Firm and Corporate Bond Valuation: A Simulation Dynamic Programming Approach

Augusto Castillo

Latin American Journal of Economics-formerly Cuadernos de Economía, 2004, vol. 41, issue 124, 345-360

Abstract: This paper analyzes corporate bond valuation of a straight bond, and the convertibility feature, when interest rates are stochastic and the firm value is determined by the interaction of a series of stochastic variables. The sensitivity of the corporate d

Keywords: Valuation; options; bond; equity (search for similar items in EconPapers)
JEL-codes: C15 C32 G13 (search for similar items in EconPapers)
Date: 2004
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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto

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