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  • Two Paradigms for the Market Value of Liabilities
    Two Paradigms for the Market Value of Liabilities In this article, the current state of the liabilities ... Value of Lia'bilities 239 DUFFIE, D. 1992. Dynamic Asset Pricing Theory. Princ- eton, N.J.: Princeton ...

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    • Authors: Robert Reitano
    • Date: Oct 1999
    • Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Topics: Financial Reporting & Accounting>Fair value accounting
  • Market Value of Insurance Liabilities: Reconciling the Actuarial Appraisal and Option Pricing Methods
    interest rate plus a fixed risk premium. While a dynamic cost of capital assumption would be an improvement ... over time and by scenario: that is, leverage is dynamic. Modigliani and Miller (1958 and 1963), in their ...

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    • Authors: Luke Girard
    • Date: Oct 1999
    • Competency: Technical Skills & Analytical Problem Solving
    • Topics: Financial Reporting & Accounting>Fair value accounting