Blar i Institutt for samfunnsøkonomi på forfatter "Juell, Christopher Lemmich"
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The Effect of Seniority on the Pricing and Risk of Corporate Debt
Juell, Christopher Lemmich (Master thesis, 2018)This thesis looks at what effect seniority has on corporate debt. I have used a theoretical approach and expanded the model developed by Merton (1974). My analysis is based on the corporate debt being pure discount bonds. ...