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- UID
- 222324
- 帖子
- 403
- 主题
- 7
- 注册时间
- 2011-7-2
- 最后登录
- 2015-11-28
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If bondholders long a a default-free zero-coupon bond + Short a put on the assets, then is it that Stockholders LONG A PUT on the assets ?
On the other hand, since Ao = So + F/[(1+r)^T] - Po, shall it be for Stockholders :
long the stocks + long a default-free zero-coupon bond + Short a put on the assets ?
I am very much confused ! |
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发表于 2011-7-13 17:22
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