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    Hi David! I have a question about how to observe the default point on the firm's balance sheet...

    Hi David! I have a question about how to observe the default point on the firm's balance sheet. According to KMV, the DP is set as STD+0,5*LTD. I use "current liabilities" as STD and "long term debt" as LTD. Is that right? Can I use "current portion of LTD" as LTD or not? (if can help, I use...
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