中文摘要：

在研究可转债定价问题时考虑转股价修正条款是十分必要的。尤其是在2008年的熊市中，各可转债纷纷调低转股价，转股价修正条款给予投资者保护作用不容忽视。基于AFV模型，本文建立了包含转股价修正条款的定价模型，并利用有限差分法进行数值求解。

英文摘要：

It is necessary to consider the Reset Clauses while pricing convertible bonds （CBs）. Especially in the bear market in 2008, many convertible bonds have lowered the reset price and Reset Clauses have protected investors. In the paper, we establish the pricing model of convertible bonds with the help of AFV model and have the result in terms of finite difference method.