Pricing Chinese Convertible Bonds with Default Intensity by Monte Carlo Method

<div>The mean absolute deviation (MAD) of the theoretical prices of the CEB and XIG convertible bonds calculated by the CS method and the DI method with supposition that a default may occur only on the maturity date (DI1), and prior to or on the maturity (DI2).</div>

Discrete Dynamics in Nature and Society

tab4

Table 4

Table 4: Pricing Chinese Convertible Bonds with Default Intensity by Monte Carlo Method 