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Black and Scholes (1973) and Merton (1973, 1974) (hereafter referred to as BSM) introduced the contingent claim approach (CCA) to the valuation of corporate debt and equity. The BSM modeling framework is also named the 'structural' approach to risky debt valuation. The CCA considers all stakeholders of the corporation as holding contingent claims on the assets of the corporation. Each claim holder has different priorities, maturities and conditions for payouts. It is based on the principle that all the assets belong to all the liability holders.The BSM modeling framework gives the basic fundamental version of the structural model where default is assumed to occur when the net asset value of ...
This captivating book, fully revised and updated and featuring more NT houses than ever before, is a guide to some of the greatest architectural treasures of Britain, encompassing both interior and exterior design. This new edition is fully revised and updated and includes entries for new properties including: Acorn Bank, Claife Viewing Station, Cushendun, Cwmdu, Fen Cottage, The Firs (birthplace of Edward Elgar), Hawker's Hut, Lizard Wireless Station, Totternhoe Knolls and Trelissick. The houses covered include spectacular mansions such as Petworth House and Waddesdon Manor, and more lowly dwellings such as the Birmingham Back to Backs and estate villages like Blaise Hamlet, near Bristol. I...
The most comprehensive, detailed, and beautiful account of the Messier objects available, for amateur astronomers of all abilities.
Renowned investigative journalist Richard Behar delivers the definitive account of history’s largest—and longest-running—financial fraud, “the scale of the deception…beggars belief” (New York Post). Some $68 billion evaporated during Bernie Madoff’s epic confidence game. Two people were driven to suicide in the wake of the Ponzi Scheme’s exposure. Others went to prison. But there has never been a satisfying accounting for how Bernie got away with so much, for so long. Until now. Richard Behar’s relationship with Madoff began in 2011 with a simple email request from the conman. By the time Madoff died in 2021, he had sent Behar more than 300 emails and dozens of handwritten ...
CMJ New Music Report is the primary source for exclusive charts of non-commercial and college radio airplay and independent and trend-forward retail sales. CMJ's trade publication, compiles playlists for college and non-commercial stations; often a prelude to larger success.
From veteran submariner James Francis comes a gripping novel of survival and loyalty—above and below the surface of the sea. The submarine USS Tulsa speeds silently through the Norwegian Sea, tracking the newest Russian nuclear sub as it makes a trial run. Then, out of the darkness, another sub appears—colliding with the Tulsa and sending her to the ocean floor. As an international team of rescuers is organized, the story starts to leak out, and a worldwide media blitz ensues—placing even more pressure on an already dangerous mission. And all the while, inside the crippled ship, Captain Geoff Richter must struggle to maintain order and ensure the survival of his crew as the oxygen is slowly depleted, power systems begin to fail, and time runs out.
CMJ New Music Report is the primary source for exclusive charts of non-commercial and college radio airplay and independent and trend-forward retail sales. CMJ's trade publication, compiles playlists for college and non-commercial stations; often a prelude to larger success.
'Ajay's passion for conservation and his encyclopaedic knowledge of Wicken Fen ooze out of every single page' - Iolo Williams Tucked away in the flat lands of rural East Anglia lies Wicken Fen, so loved for its big skies and tiny creatures, boasting over 9,000 recorded species. For 125 years, this wildlife sanctuary has been cared for by the National Trust. A dedicated team look after this precious wetland of international importance, working with herds of free-roaming horses and cattle and weathering the elements to cope creatively with the dramas of a life outdoors at the cutting edge of conservation. Wetland Diaries is a seasonal account of ranger life on Wicken Fen, saving a once widespread landscape and revealing the spectrum of emotions experienced in the process. Ajay shares the spirit and atmosphere of the Fens, offering an insight into the privileges and pressures of managing semi-wild animals in one of the country's first wetland restoration projects, creating precious breathing space for nature and people alike.
Alphabetically arranged by state, this indispensable annual director to over 21,000 employers offers a variety of pertienent contact, business, and occupational data. - American Library Association, Business Reference and Services Section (BRASS) Completely updated to include the latest industries and employers, this guide includes complete profiles of more than 20,000 employers nationwide featuring: Full company name, address, phone numbers, and website/e-mail addresses Contacts for professional hiring A description of the companys products or services Profiles may also include: Listings of professional positions advertised Other locations Number of employees Internships offered