Aim the convertible bond value is analyzed on the basis of the traditional theory , and its value formula has been given
2.
Because of non - systemic information , we should escape the moral risk by proper contract , they design many programs of the bank - firm restitution ; the role that the bank exercised on the firm is completed by debt constraint , and the bank influences the government construction of the firm by debt rights . the bank directly gives capital support to firms , and analyses the firms " ability of returning debt , and the bonding value , and make the load - decision
3.
In chapter3 , information is divided into two basic types , the marginal equation of bond price and short - term interest variations is established , thus the security price variations and the price equilibrium of other assets ( risk security non - risk security are included ) are analyzed by the implement of portfolio theory . finally the bond value equation which takes equilibrium return as its yield parameter is established through the theory of comparative return . in chapter 4 , the intra - information and the transferable system of price is emphasized and the market - maker model and expected model under non - perfect information market conditions are established , and the disaccord of the influence of extra - information and intra - information on the security price is discussed
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