由于可转换债券的双重特性,我们将其价值分为两部分:债券价值部分和期权价值部分。
As convertible bond has double characteristics, we divide the value of convertible bonds two part: the value of bond and the value of option.
现代企业要解决的一个重要问题是代理问题,而股票期权的激励与约束的双重作用可有效解决这一问题。
One of the important problems for the present enterprises in China is their agents, which can be solved efficiently by the mechanism for encouraging and restraining stock option.
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