摘要
Abstract.WeobtainaBlack-Scholesformulaforthearbitrage-freepricingofEu-ropeanCalloptionswithconstantcoefficientswhentheunderlylngstockgeneratesdividends.TohedgetheCalloption,wewillalwaysborrowmoneyfrombank.WeseetheinfluenceofthedividendtermontheoptionpricingviathecomparisontheoremofBSDE(backwardstochasticdi~erentialequation[5],[7]).WealsoconsidertheoptionpricingproblemintermsoftheborrowingrateRwhichisnotequaltotheinterestrater.ThecorrespondingBlack-Sdxolesformulaisgiven.Wenoticethatitisinfacttheborrowingratethatplaystheroleinthepricingformula.
出版日期
1996年02月12日（中国期刊网平台首次上网日期，不代表论文的发表时间）
