不确定环境下定期分红股票贷款定价研究

The pricing of stock loan with periodic dividends under uncertain environment

基于不确定理论,根据定期分红股票模型,建立定期分红股票贷款定价方程,给出股票贷款价值的计算方法;根据2017年的金融数据进行实证研究,得出股票持有者应该进行股票贷款的结论。

In this paper,we investigate the pricing problem of stock loan with periodic dividends in the framework of uncertainty theory. Based on the stock model with periodic dividends,the uncertain differential equation governing the value of stock loan is derived. Therefore,the formulas of price of stock loan can be obtained to provide support to decision-making for investors with large equity positions. In order to validate the effectiveness of the proposed method,the experimental datasets extracted from stock market are used as the testing target. The experimental results show that the stockholders should borrow through the stock market.