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"It is your best work, Basil, the best thing you have ever done," said lord Henry, languidly, You must send it next year to the Grosvenor.

"这是你最好的作品，贝泽尔，超过你过去所画的一切，"亨利爵士懒洋洋地说。明年你一定得把它送到格罗夫纳去展出。

"And he is the best guard of a camp who is best able to steal a march upon the enemy?"

"难道他不正是偷袭敌营最英勇的军中卫士吗？"

I've decided that my best man is, my best friend Gunther!

我决定我最好的朋友 Gunther 是我的伴郎！

I've decided that my best man is my best friend Gunther.

我决定我的伴即是我最要好的朋友甘瑟

There are many cures and remedies for halitosis but to get the best result it is best to try and identify the cause of the bad breath.

有许多治疗方法和补救措施的口臭，但获得的最好成绩是最好的尝试，并查明原因的口臭。

Leading each division will be veteran generals each with a command staff hand-picked to be the best of the best.

每个部门领导将老将领，每一个指挥的工作人员一手提拔的要最好的。

Headmistress: Well, we give our best students the best chance at success.

我们给最好的学生以最大的成功可能。

The best way to prevent the heat radiation is to block it back, the best heat reflective material is a mirror.

的最好办法，以防止热辐射是阻止回来，最好的热反射材料是一面镜子。

In general, this paper includes several parts, shown as the following: The first part summarizes the background and outline of stock index future and introduce briefly its local status and CSI 300 stock index future contract. The second part has a retrospect of the main academic papers of both local or overseas, and also a discussion of relevant hedge strategies and models, to lay a solid theoretical foundation for the empirical analysis and test for the operation process of hedge in latter parts. The third part outlines the principle, key factors and real operation process of hedge. Moreover, it makes a empirical analysis on popular hedge models with HK Hang Seng index. In the end, it test the hedge effect of trading on IF0706, CSI 300 stock index future contract, with CCB select-growth securities fund as present underlying. The fourth and also the last part, explores how to define hedge ratio in china mainland market. It includes the stability test ofβfor local securities portfolio, adjustment of historicalβand best data length for estimation of historicalβ, etc. Also, the thesis makes some beneficial experiments on the definition of best data length for estimation of historicalβ, survey of fashion forβand variation for industryβs. Fortunately, it's got some meaningful results.

按照以上研究思路，本论文论述由以下几个部分构成：第一部分，简要概述股指期货产生的背景和基本情况，对国内股指期货进程和沪深300股指期货合约进行简单介绍；第二部分，回顾海内外股指期货避险研究的主要文献，讨论相关避险策略及避险模型，为后面套期保值策略如何有效运用的实证分析和检验提供理论基础和依据；第三部分，对套期保值的原理、关键因素及实际流程进行概述，并采用香港恒生指数对常用的几种避险模型进行实证分析，最后一揽子以建信优选成长股票型基金为现货标的，实际检验以沪深300股指期货模拟交易IF0706产品进行对冲时的套期保值效果；第四部分，探讨国内确定避险比率的过程，包括国内股票组合β值的稳定性检验、历史β值的修正及估计历史β值的最佳数据长度等，通过数据分析，本文在寻找估计β值的最佳数据长度和考察风格、行业β值的差异上做了较为有益的尝试，并得到了有助于现实操作的结果。

HERZOG: When you work, with which fingers do you work best or point best?

你工作时哪个手指最好用？

We have no common name for a mime of Sophron or Xenarchus and a Socratic Conversation; and we should still be without one even if the imitation in the two instances were in trimeters or elegiacs or some other kind of verse--though it is the way with people to tack on 'poet' to the name of a metre, and talk of elegiac-poets and epic-poets, thinking that they call them poets not by reason of the imitative nature of their work, but indiscriminately by reason of the metre they write in.

索夫农 、森那库斯和苏格拉底式的对话采用的模仿没有一个公共的名称；三音步诗、挽歌体或其他类型的诗的模仿也没有——人们把&诗人&这一名词和格律名称结合到一起，称之为挽歌体诗人或者史诗诗人，他们被称为诗人，似乎只是因为遵守格律写作，而非他们作品的模仿本质。

The relationship between communicative competence and grammar teaching should be that of the ends and the means.

交际能力和语法的关系应该是目标与途径的关系。