0.26 Michael Frierman P. V. Viswanath, Agency Problems of Debt Convertible Securities and Deviations from Absolute Priority in Bankruptcy, Journal of Law and Economics, 1994.

{ optimal model expected level }	0.26
{ agency agent agents decision }	0.14
{ bankruptcy debt creditors exemption }	0.13
{ venture issues debt ipo }	0.10

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