2008•Journal of tianjin University of TechnologyRequires access
On the improvement for the model of Convertible Bond pricing
Liu Zheng
Open publisher page 0 citations
Abstract
The Convertible Bond is a kind of rather complicated credit derivative.Besides the common debt,it includes many options,such as conversion option,call option and put option.The complexity of clauses in the Convertible Bonds results in the difficulties of Convertible Bond pricing.In this paper,we analyze the characters and the values of the Convertible Bond,then give some improvements of them when the models involve the dispensation of the interest.