支付连续红利的股票期权定价模型研究

摘要

This paper first gives the tear down process of Black-Scholes-Merton formula, and combined with the actual on the basis of B-S-M formula. it gets the stock option pricing model which pay the continuous dividend .It gets continuous dividend stock option pricing model validated in order to petrochina stock option pricing as an example at the end of the article.%文章首先给出了Black-Scholes-Merton公式的推倒过程，并且在B-S-M公式基础上结合实际，得到支付连续红利的股票期权定价模型。在文章最后以中石油股票期权定价为例，对得到的支付连续红利的股票期权定价模型进行验证。