查询词典 Black Scholes model

Chapter 3 is the relative theory of the financial market: the knowledge of discrete time model and Black-Scholes model, etc.

第三章金融市场的有关理论：介绍离散时间模型、Black-Scholes模型等知识。

Specially, we primary deals with the option pricing of Black-Scholes model with continuous dividend payments then get the call option and put option formulas: And the model of geometric average Asian options with fixed strike price then we get the call option formula: The relevant formulas about call option and put option,which are all identical with the classical ones.

其中，特别是对连续支付红利的欧式Black-Scholes期权定价模型求得其买权和卖权的定价公式分别为：此外，还对具有固定敲定价格的几何平均亚式期权的模型给出买权的定价公式：所得结果与用经典解法求得的定价公式完全一致。

We use the data from BHP company in 1995-2001 and calculate the implied volatility. By comparing the implied volatility calculated from actual option price and the assumed volatility in the model, it is found that Black-Scholes Model does underprice the Out-of-The-Money options and overprice the In-The-Money options because of the wrong assumption on the volatility.

本文选择了澳大利亚BHP公司1995年-2001年其中五年的数据，从实际期权价格中计算得到隐含波动率，并把其与Black-Scholes模型中的假设波动率进行比较，最后可以发现，Black-Scholes模型低估了虚值期权的价格，高估了实值期权的价格，与一般的研究结果恰好相反。

The theatrical foundation of this paper is option pricing model. This paper focuses on the Black-Scholes model, details the basic postulation, principle and pricing formula. And it is pointed out that the postulation that volatility is constant can't reflect the varying market volatility. Violation of this postulation will lead to biased pricing results.

期权定价模型是本文分析的理论基础，文中以Black-Scholes模型为主，分析了期权定价模型的基本假设、原理与定价公式，指出波动率为常数的假设不能反映市场波动率的变化状况，对该假设的违背将使定价结果产生偏差，因此，波动率在期权定价中有重要的作用。

So the stock price can be calculated by using Black-Scholes model and European call option binominal tree pricing model,the price of which depends on the price and maturity period of the corporation s bonds.

指出公司股票是基于公司价值的看涨期权，因此可用Black-Scholes模型和欧式看涨期权二叉树定价公式对公司股价进行计算，其结果取决于公司债券到期时还本付息的金额以及债券的存续时间。

To improve the empirical performance of the Black-Scholes model, many alternative models have been proposed to address the leptokurtic feature of the asset return distribution, and the effects of volatility clustering phenomenon.

为了改进Black-Scholes模式的实证现象，许多其他的模型被建议有leptokurtic特性以及波动度聚集的现象。

Most remarkeable of all,the Black-Scholes model has not only been obtained plentify...

特别是Black-Scholes模型，不仅在理论研究上出现了一大批成果，而且应用于金融市场，受到了广泛的欢迎。

In this regard, we believe that the Black-Scholes model of options valuation, now often unjustly maligned, is a model for models; it is clear and robust.

在这方面，我们认为，选择估值Black – Scholes模型，现在经常无理指责的，是一个模型模型，它是明确的和强有力的。

The theory of option is introduced when value of opportunity is valuated, especially Black-Scholes model, which resolve the problem of valuation of opportunity and lay a good foundation for valuation of Internet enterprise.

针对机会价值的评估，引入期权理论，特别是Black-Scholes的期权定价模型，较为成功地解决了机会价值评估的问题，为网络企业整体价值的评估做了很好的铺垫。

Simplest Differential Equation of Stock Price,Its Solution and Relation to Assumption of Black-Scholes Model

股价最简微分方程，其解及与Black-Scholes模型的假设的相互关系

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。