The Pricing Theory of Convertible Bonds with the Conversion Clause at Maturity Considering the Risk of Default
可转换债券的定价理论(Ⅰ)——违约风险下到期日实施转股条款的转债问题

Using the method of partial differential equation(PDE) and working in the framework of black-scholes, in this paper, we find formula to price convertible bond with the fixed conversion clauses.