9. Edward I. Altman and Brenda J. Kuehne, “Defaults and Returns in the High-Yield Bond and Distressed Market: The Year 2010 in Review and Outlook,” Special Report, New York University Salomon Center, Leonard N. Stern School of Business, February 4, 2011.

10. Dilip B. Madan, Gurdip S. Bakshi, and Frank Xiaoling Zhang, “Understanding the Role of Recovery in Default Risk Models: Empirical Comparisons and Implied Recovery Rates,” FDIC CFR Working Paper No. 06; EFA 2004 Maastricht Meetings Paper No. 3584; FEDS Working Paper; AFA 20004 Meetings (September 2006). Available at SSRN: http://ssrn.com/abstract=285940 or doi:10.2139/ssrn.285940