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.
高收益债券通常在期限过半时不可赎回;
High Yield bonds are usually non-callable for about half of life of the bond;
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