In chapter three, this paper discuss the theoretic assume which calculate the original conversion price of convertible bond through B-S Model.
本文的第三章详细探讨了运用B - S模型确定可转换债券初始转换价格的理论设想。
The results show that the theoretical price of PLS model has a good fit with the actual price of convertible bond. The ratio of price error is lower than 5%.
实证结果显示，模型较好地模拟了可转债实际价格运动路径，价格估计误差在5%以下。
We find the issue announcement of convertible bond cause the stock price to drop by 1.1%.
我们发现在我国可转债的发行导致股价下降了1.1%。
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