This paper presents the pricing model for firm bond with the correlated third party guarantee in structural approach,which considers that the guarantor may default due to the immediate future payment caused by the default of the secured party.With the proposed model,a terminal boundary-value problem of partial differential equation(PDE) is derived.A numerical analysis is made of the impacts of the firm asset,asset correlation,asset volatility and some other factors on the bond prices.
| 
推荐 
点击下列相关研究机构和相关文献作者，可以直接查到这些机构和作者被《中国知识资源总库》收录的其它文献，使您全面了解该机构和该作者的研究动态和历史。
