But after the safety premium and after - tax cash flow advantage are considered , the explanation of the wealth transferring effect is enhanced . the above research does not consider the restriction of hard call requirement and soft call requirement on call behavior , and the call notice period is only analyzed with experiences . therefore , starting from the pricing model and after considering the restrictions of various convertible bonds contracts , this article proceeds to build a model based on binomial tree , calculate the value of convertible bonds using the numerical method of forward shooting grid and gain the operation principle of optimal call of corporations 上述的研究没有考虑硬赎回要求和软赎回要求对赎回行为的限制作用,对赎回通知期的考察也只是采取了一个经验值来刻画,因此本文接着从定价模型出发,在综合考虑了各种可转换债券合约对赎回行为的限制条款后,构建了一个基于二叉树模型并应用向前网格射击的数值方法来求解可转换债券的价值,并推导出了公司的最优赎回运算法则。
通知: notice; circular期: designated time通知期: notice day缺陷通知期: defects notification period通知期限: notice period; period of notice指定通知期: requisite period of notice驳回通知书: notice of dismissal; noticeofdismi al通知期限第一天: first notice day终止服务通知期: period of notice of termination of service注销合同的通知期: period of cancellation购货退回通知单: credit memo for purchase returns销货退回通知单: credit memo for sales returns; credit memorandum for sales return; return sales memorandum; returns sales memo销售(货)退回通知单: credit memorandum for sales return销售退回通知单: credit memorandum for sales return销售退回通知书: return sales memo缺陷通知期限的延长: defects notification period extension of; defects notification period, extension of购料退回通知单, 退料单: returned-material order可通知赎回的股票: callable stock至通知赎回时收益: ytc yield to (first) call; ytc yield to call赎回: atone for; atonement; ransom; redeem/redemption; to take out of pledge认知期: cognitive phase赎回价格 通知偿还价格 提前偿还债券价格: callprice赎回价格, 买入价格, 通知偿还价格: call price有关赎回债券日期及价格的通知: redemption notice返回通道: backward channel; return channel