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中文摘要：
由在金融建模考虑正常分发和连续假设的失败，这份报纸试图与电话子句使用指数的变化 Gamma (EVG ) 模型进永久可改变的契约的定价框架。Gapeev 与 K 的后面的框架'
英文摘要：
By considering the failure of normal distribution and continuous assumption in financial modeling, this paper attempts to apply the Exponential Variance Gamma （EVG） model into the pricing framework of permanent convertible bonds with call clause. Following framework of Gapeev ＆ Kiihn（2005）, we obtain an explicit solution to the bond price and optimal stopping strategies, which shows that the new pricing framework is quite different from the continuous model and even the Jump Diffusion model. Compared with the numerical calculation, the closed form results price convertible bonds quickly and accurately.
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