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KMV
- KMV方法计算企业资产和资产波动率 参数说明: E:股权市值 D:负债总额 r:无风险利率 T:企业债期限 EquityTheta:股价波动率-KMV method of enterprise assets and asset volatility Parameters: E: equity market capitalization D: total liabilities r: risk-free rate T: corpor
KMV
- KMV模型用来估计借款企业违约概率的方法。该模型认为,贷款的信用风险是在给定负债的情况下由债务人的资产市场价值决定的。该模型了债务人的债权和股权的市场公允价值.-KMV model is used to estimate the probability of default of the borrower methods. The model considers the credit risk of loans given in the case of liability is determin
IM.m
- 有限差分法股权定价源码示例-有限差分法股权定价源码示例-Finite Difference Method Share Pricing
KMV方程
- 在债务到期日,如果公司资产的市场价值高于公司债务值(违约点),则公司股权价值为公司资产市场价值与债务值之间的差额;如果此时公司资产价值低于公司债务值,则公司变卖所有资产用以偿还债务,股权价值变为零。(On the maturity date of debt, if the market value of corporate assets is higher than the value of corporate debt (default point), the equity value of