𝔖 Bobbio Scriptorium
✦   LIBER   ✦

When Are Price/Earnings Ratios Too High: Or Too Low?

✍ Scribed by Walter R. Good


Book ID
124938248
Publisher
CFA Institute
Year
1991
Tongue
English
Weight
679 KB
Volume
47
Category
Article
ISSN
0015-198X

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


Are credit spreads too low or too high?
✍ William Lin; David Sun πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 304 KB

## Abstract Based on the works of Brockman, P. and Turtle, H. J. (2003) and Giesecke, K. (2004), we propose in this study a hybrid barrier option model to explain observed credit spreads. It is free of problems with the structural model, which underprescribed credit spreads for investment grade cor