Binomial tree can be applied to pricing of all kinds of options, but it has a lot of flaws, such as accuracy.
二叉树定价模型虽然适合各种期权估价，但存在缺陷，如精度问题。
Secondly, selects the binomial tree model for pricing convertible bonds by comparing a variety of pricing methods and combining with the actual situation of the domestic market.
其次，通过比较各种定价方法，并结合国内市场的实际状况，选择二叉树模型来为可转换债券定价。
In Chapter 2, we compare the classic theory about option pricing in convertible bond. We clarified the reason of using binomial -tree model.
第二章比较和归纳了可转换债券期权部分价格确定的经典理论，阐明了本文采用二叉树模型的原因。
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