用期权定价模型分析可转换债券利率

Analysis of interest rate of convertibie bonds on a price modal of option

可转换债券对于我国是一种比较新的金融工具,在资本市场上的地位将越来越重要.可转换债券最为重要的一个特性就是可转换性,也称为"期权性".本文以可转换债券的"期权性"为基础,利用一个简单的期权定价模型对可转换债券的利率进行研究,试图找出一种确定它的方法.

Convertible bonds is a new financial tool and will be more and more important in the fuure in China's capital market. An important character of convertible bonds is convertibility that is also called option,On the base of this important character,this article makes some researches on the interest rate of convertible bonds and tries to find a way to decide it by using a simple price model of option.