可赎回债券可以分解成普通债券和债券看涨期权的组合,可回售债券可以分解成普通债券和债券看跌期权的组合。
Callable bonds can be decomposed into bond and bond's call option, while puttable bonds can be decomposed into bond and bond's put option.
可转换债券的组成包括债券、股票看涨期权、赎回条款、接管条款和其他例如强制回售等条款。
A convertible bond is normally composed of a bond, a stock call option, a call, a takeover clause and a put, ect.
可转换债券经常含有其他的嵌入期权,如赎回和回售条款。
Convertible bonds often contain other embedded options such as call and put provisions.
而且,发行可转换债券时的附加条款(如赎回、回售条款等)也是定价时不可忽略的因素,这更加增大了为可转换债券定价的难度。
In addition, the attached provisions are important, such as callability provision and putability provision, and which make the pricing of convertible bonds more difficult.
而且,发行可转换债券时的附加条款(如赎回、回售条款等)也是定价时不可忽略的因素,这更加增大了为可转换债券定价的难度。
In addition, the attached provisions are important, such as callability provision and putability provision, and which make the pricing of convertible bonds more difficult.
应用推荐