The Valuation of Corporate Liabilities as Compound Options: A Correction
澄清了Geske关于优先债、次级债和股权价值表达式中的混淆，并修正了一个错误。
Geske derived in [1] expressions for the values of junior and senior debt and equity. In this paper, some confusion about these expressions is cleared up, and an error is corrected. We use the same notation as in [1].