The KMV Model, which is based on Merton′s option pricing theory, is applied to get the expected default frequency and default loss of the loan.

运用基于期权定价理论的KMV模型来得到公司的预期违约率和违约损失，从而能合理地确定贷款利率。

youdao

Fischer Black, co-originator of the options-pricing model for which Messrs Merton and Scholes were recognised, died a year too soon to join his collaborators on the podium.

ECONOMIST: Nobel prize in economics

The Chicago native earned a finance doctorate at the University of Chicago in the early 1970s, when he worked with advisors like Nobel Prize winner Merton Miller and Fischer Black and Myron Scholes, coauthors of the Black-Scholes options pricing model.

FORBES: Money & Investing