In 1973Black and Scholes developed and set up the warrant pricing equation after discovery of B-S formula, because of its simple formation and relative accuracy, it has been widely used in practices.

• 特别是1973年Black和Schole发现了期权的定价公式（B-S期权定价公式），并在其基础之上发展建立了认股权证的定价公式，该认股权证定价公式具有简洁的形式和较准确的计算结果，使其在实践中得到广泛地应用。