论文27：『The DF Structure Models for Options Pricing On the Dividend-Paying and Capital- Splitting』, The ICFAI Journal of Applied Economics, 2007, 6(3): 17-30.

摘要：Based on the DF structure models for option pricing (F. Dai, 2005), this paper further discusses the DF structure models on three cases, i.e., when the underlying stock is dividend-paid, or when it is capital-split and when it is both dividend-paid as well as capital-split. These three cases are discussed separately, and are integrated to the general models for call or put. Finally, the cases are discussed separately, and then integrated in the general models for call and put options. Finally, examples are considered to compare the options prices calculated by the DF formulas and Black-Scholes formulas, and it is inferred, that the DF formulas are better than the Black-Scholes formulas. It is also stated that DF formula is useful to traders in the financial market, as it can be conveniently adjust according to the trading time.

附件：The DF Structure Models for Options Pricing On the Dividend-Paying and Capital-S.pdf

说明：这里借助科学网平台，以时间为主线，在不涉及版权问题的前提下，陆续推送戴锋（独立或第一作者）曾经在国内外期刊及重要会议发表的部分学术论文（或摘要），欢迎对『经济与管理』及相关内容有兴趣者阅读和批评。相信，作者、期刊及其出版商的版权权益会得到应有的尊重。

鸣谢：衷心感谢科学网平台的编辑同志们及其辛勤的工作！