A pricing model of defaultable bond considering the liquidity risk is proposed according to the empirical literature concerning the credit spread puzzle.

Within the Duffie-Singleton s framework,this paper develops a model for pricing defaultable bonds whose value also depends on liquidity risk,besides default risk.

Under the condition of stochastic default intensity,correlation of default intensity and default-free interest rate,and market value recovery,we constructed the term structure model of credit risk and got the closed-from solution of price of defaultable bonds.

This paper investigates the optimal investment portfolio with stock,defaultable zero-coupon bond,treasury bond and money market account when the investor faces default risk.

Pricing of convertible bonds by binomial model;

Research on the Listed Convertible Bonds Pricing in China;

Based on the analysis of the natural attributes of company convertible bonds,the option price fixing method is used to analyse the features of "callable value" of the convertible bonds.

Research on the Application of Convertible Corporate Bonds in Corporate Finance;

To those who are managing money matters in the big corporations or enterprises, it is essential to have a good command of leverage effect of convertible corporate bonds.