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Studies from Hunan University Yield New Information about Discrete and Continuous Dynamical Systems (Valuing Convertible Bonds Based on LSRQM Method)

August 5, 2014



By a News Reporter-Staff News Editor at Journal of Mathematics -- Data detailed on Discrete and Continuous Dynamical Systems have been presented. According to news originating from Changsha, People's Republic of China, by VerticalNews correspondents, research stated, "Convertible bonds are one of the essential financial products for corporate finance, while the pricing theory is the key problem to the theoretical research of convertible bonds."

Our news journalists obtained a quote from the research from Hunan University, "This paper demonstrates how to price convertible bonds with call and put provisions using Least-Squares Randomized Quasi-Monte Carlo (LSRQM) method. We consider the financial market with stochastic interest rates and credit risk and present a detailed description on calculating steps of convertible bonds value."

According to the news editors, the research concluded: "The empirical results show that the model fits well the market prices of convertible bonds in China's market and the LSRQM method is effective."

For more information on this research see: Valuing Convertible Bonds Based on LSRQM Method. Discrete Dynamics in Nature and Society, 2014;():1-9. Discrete Dynamics in Nature and Society can be contacted at: Hindawi Publishing Corporation, 410 Park Avenue, 15TH Floor, #287 Pmb, New York, NY 10022, USA. (Hindawi Publishing - www.hindawi.com; Discrete Dynamics in Nature and Society - www.hindawi.com/journals/ddns/)

The news correspondents report that additional information may be obtained from J. Liu, Hunan Univ, Sch Business, Changsha 410082, Hunan, People's Republic of China. Additional authors for this research include L.Z. Yan and C.Q. Ma.

Keywords for this news article include: Asia, Changsha, People's Republic of China, Discrete and Continuous Dynamical Systems

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Journal of Mathematics


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