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- 2013-8-22
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Key here is Finite horizon ri model
it assumes that the terminal value is a premium over book value. The premium is (Pt - Bt); Pt being the price at time T, since the problem already says that the premium is 20% of BookV at time T, then it means Pt-Bt = 0.2*Bt |
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发表于 2013-4-28 12:01
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