The Convertible Company Bond plays positive function for companies in financing with low cost, getting high stock premium, improving finance structure, etc.
可转换公司债对于公司低成本筹集资金、获取高股票溢价、改善公司的财务结构等方面有着积极的作用。
2
Asset pricing is considered as the core of modern finance; it involves puzzles such as the equity premium puzzle and the risk-free rate puzzle, which have attracted an extensive research interest.
资产定价既是现代金融的核心，也是许多困惑之所在，其中最著名的就是股权溢价之谜和无风险利率之谜。
3
The emergence of behavioral finance is bright to the puzzle. Its representative theory-myopic loss aversion theory can offer a relatively reasonable explanation to the equity premium puzzle.