Empirical Analysis of Separable Convertible Pricing

This paper mainly choose three issued separate stock options and bond trading of convertible bonds which issued in 2008 in China: samples as follows, State Power CWB1, COSCOL and Baosteel CWB1,and from a empirical point of view to analysis the price of these bonds and warrants. Obtained the conclusions that the bond portion has the investment value, analysis the reason of some theoretical warrant price and actual price’s deviation.