Over the past few decades, there are numerous valuation models proposed, however, the one with direct consideration about skewness and kurtosis of underlying stock return is lacking.

• 虽然在过去的数十年间已有不少商品订价模式提出，但是却缺少了对于标的资产价格机率分配之偏度及峰度于转换公司债订价的研究。