Both authors are from the Anderson Graduate School of Management, University of California at Los Angeles. This is a substantially revised version of an earlier working paper entitled “Valuing Risky Debt: A New Approach.” We are grateful for the comments and suggestions of Brian Betker, Brad Cornell, Darrell Duffie, Julian Franks, Mark Grinblatt, Robert Heinkel, David Hirshleifer, Hayne Leland, Andrew Lo, Victor Makarov, Richard Rendleman, Ehud Ronn, Mark Rubinstein, Chester Spatt, Walter Torous, Bruce Tuckman, Justin Wood, Josef Zechner, and seminar participants at the Amex Options and Derivatives Colloquium, the University of British Columbia, the University of California at Berkeley, Duke University, the European Institute for Financial Analysis and Portfolio Management, the University of Rochester, Southern Methodist University, Stanford University, the University of Strathclyde, Texas Christian University, UCLA, and the European Finance Association and Western Finance Association meetings. We are particularly grateful for generous financial support by the Milken Institute for Job and Capital Formation. All errors are our responsibility.
A Simple Approach to Valuing Risky Fixed and Floating Rate Debt
Article first published online: 30 APR 2012
1995 The American Finance Association
The Journal of Finance
Volume 50, Issue 3, pages 789–819, July 1995
How to Cite
LONGSTAFF, F. A. and SCHWARTZ, E. S. (1995), A Simple Approach to Valuing Risky Fixed and Floating Rate Debt. The Journal of Finance, 50: 789–819. doi: 10.1111/j.1540-6261.1995.tb04037.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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