NO.PZ2020033002000036
问题如下：
In the KMV model, which of the following is the main driver of corporate bond default probability?
选项：
A.Stock prices
B.Risk free rate
C.Stock price volatility D.Bond yield volatility解释：
A is correct.
考点：The KMV Approach
解析：KMV模型中，股票价格、资产波动率还有负债的价值都是驱动违约概率的参数。
辅导员你好，我看强化班笔记上写到“in merton model, market data,like stock value and capital structure are used ....”这句话是说莫顿模型中股价和资产结构是主要考虑因素
而KMV是脱胎于莫顿模型的，所以除了针对single debt和distribution两点改进之外，是否其它可以理解为与莫顿模型一致？所以在KMV模型中，也是股价和资产结构是main driver？
