Article | Journal of Finance | May 1974

On the Pricing of Corporate Debt: The Risk Structure of Interest Rates

by Robert C. Merton

Keywords: Price; Borrowing and Debt; Risk and Uncertainty; Interest Rates;

Citation:

Merton, Robert C. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates." Journal of Finance 29, no. 2 (May 1974): 449–470. (Chapter 12 in Continuous-Time Finance.)