This question reads: A corporate bond is likely to default when the share price falls to zero or perhaps near to zero. Discuss how this insight could be used to develop an alternative approach based on share price movements. While it's not mentioned at all in the Examiner's Report, I thought that a description of the Merton model might work here as the alternative approach. The value of the equity (i.e., share price times number of shares) is considered here, so I thought it might work. But maybe this is a bit of a stretch?
