| Author: | Zheng, Xiaoying Chen, Jianxian |
| Title: | Studies on the pricing model of transferable bonds (original in Chinese) |
| Journal: | Forecasting (c)
1999 : 3, p.35-37 |
| Index terms: | BONDS PRICING SHARE PRICES |
| Language: | chn |
| Abstract: | This paper firstly conducted deeply analysis on the nature as well as relevant contents of transferable bonds, and deduced the integrated model---Rate-Price, which affects its issuing effects. Then, on the basis of detailed investigation on the variable-interest rate and nature of stock price behavior, using the principle of zero-risk arbitrate, deduced two-factor pricing model of transferable bonds. The special case is just the famous model---Black-Scholes. |
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