Advanced Financial Management : How can we view the issue of dynamic capital structure from the perspective of contingent-claims theory.

Advanced Financial Management

Discuss, in not less than 1000 words per essay, the following two topics:

The contributions of Vincenz Bronzin and Louis Bachelier to options pricing theory.

How can we view the issue of dynamic capital structure from the perspective of contingent-claims theory.

Provide conceptual, graphical or numerical illustrations wherever applicable to explain your arguments and rationale.