Merton KMV 4
YOUR LINK HERE:
http://youtube.com/watch?v=pjc8QZJW4uw
In this video, I set out how the asset values can be proxied by using the observed value of equity. The value of a company's assets can not be observed directly other than by making reference to financial statements which are generally only published bi-annually or quarterly. they may however be observed by proxy by making reference to frequently traded company stocks - particularly if company's are listed publicly. • https://sites.google.com/view/vinegar...
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