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- Risky Debt, Jump Processes and Safety Covenants (Classic Reprint)
Risky Debt, Jump Processes and Safety Covenants (Classic Reprint)
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Excerpt from Risky Debt, Jump Processes and Safety Covenants
I am thankful to Robert Merton for many helpful suggestions. I also thank Sudipto Bhattacharya, E. Philip Jones, and the other participants in the M. I. T. Finance Research Seminar for helpful comments. All errors and omissions are mine.
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