中文摘要：

债券定价模型阐释了在假定无交易税的条件下债券资产的定价机制。然而,交易税与所得税都会影响债券资产价格。拓展的债券含税定价模型能够揭示资产定价机制中的税收效应机理,并反映资产定价机制中的税收因素与风险因素的相互作用过程。

英文摘要：

Bond pricing model illustrates the pricing mechanism of bond asset on the premise that transaction tax is free.However,transaction tax and income tax could influence bond asset price.Expanded bond pricing model including tax reveals the tax effect and further explains the interaction of tax factors and risk factors in asset pricing mechanism.