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《Mathematics in Practice and Theory》 2007-17
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The Application of CCA in the Company Liabilities Pricing

ZOU Jie-tao,YU Hai-bin,WU Run-heng,HAN Li-jie(College of Sciences,North China University of Technology,Beijing 100041,China)  
The traditional method for estimating company liabilities is discount cash flow method,but this kind of method has a lot of drawbacks.The contingent claims analytical method as an all new one can overcome the defects of discount cash flow method in a few aspects.It utilizes two fork tree models to analyze the most simple situation,and then uses the dynamic state replication's technique to analyze two fork trees,which has two periods' liabilities value of the company.The fulfillment of the analysis of two fork trees in the two periods can spread to any period of two fork trees.Thus it provides a new path for pricing company's liabilities.
【Fund】: 北京市教委科技基金资助项目(KM200710009012)
【CateGory Index】: F830.91;F224
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【References】
Chinese Journal Full-text Database 1 Hits
1 ZOU Jie-tao,WANG Hai-yan,YU Hai-bin,WU Run-heng(College of Sciences,North China University of Technology,Beijing 100041,China);The Martingale Pricing for Corporate Liabilities[J];Mathematics in Practice and Theory;2009-22
【Citations】
Chinese Journal Full-text Database 2 Hits
1 HAN Li,ZHOU Wei - dong The College of Economics, Xiamen University, Xiamen 361005, China; The Center China Securities Company Limited, Zhengzhou 450003, China;On Parsing the Price Evaluation Method of Contingent Claims[J];Economic Survey;2003-04
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1 LI Jue,LI Sheng-hong (Department of Applied Mathematics, Zhejiang University, Hangzhou 310027, China);The Advantages of Real Options Theory Applied to Corporate Finance[J];Commercial Research;2004-08
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