In this paper, the investor's risk preference is described as the investor's conversion profit what defined as fuzzy variable. Under voluntary conversion and forced conversion, the conversion conditions of convertible bonds are given based on the investor's preference.

  • 本文利用投资者要求的转换收益的大小来描述其风险偏好,并将其定义为模糊变量,在自愿转换和强制转换两种情况下,对基于投资者风险偏好的可转换债券转换条件进行了判定。

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