Hi,
in the instruction vide, Hull, Chapter 17. Estimating Default Probabilities, 52:26, how do we solve the unknown A0 (company's asset value) without knowing the N(d1) and N(d2) ? The narration just said "plug in the numbers", and the GARP book also doesn't say anything. Can someone please provide the step-by-step calculations ? Thank you very much.
in the instruction vide, Hull, Chapter 17. Estimating Default Probabilities, 52:26, how do we solve the unknown A0 (company's asset value) without knowing the N(d1) and N(d2) ? The narration just said "plug in the numbers", and the GARP book also doesn't say anything. Can someone please provide the step-by-step calculations ? Thank you very much.
