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对公司负债估值的传统的方法是折现现金流的方法,但这种方法也存在很多缺陷.或有要求权的分析方法作为一种全新的方法可以克服折现现金流的方法在某些方面的不足.利用二叉树模型首先分析最简单情形,进而利用动态复制技术分析二叉树为二阶段时的公司负债价值.二阶段二叉树分析完了也就很自然的可以推广到任何阶段的二叉树.从而为公司负债的定价提供一种新的途径.
The traditional method of valuing a company’s liabilities is a method of discounting cash flows, but there are also many drawbacks to this method of analysis or claims analysis as a completely new way of overcoming discounted cash flows in certain The binary tree model is used to analyze the simplest situation at first, then the dynamic replication technology is used to analyze the corporate debt value when the binary tree is the second stage.After the binary tree analysis of the second stage is complete, it can be generalized to any binary tree at any stage, Debt pricing provides a new way.