查询词典 comparative prices or bids

First of all, shipping prices, most of China's steel demand to adopt a charter, signed a long single lock little cost, often outside the mine during the negotiations period to buy a large number of vessels, raise the sea-freight, driving up spot prices of iron ore; The second is to control the supply of cash, take advantage of China's steel market season, creating panic in short supply, is expected to raise prices; third, to promote intra-industry mergers and acquisitions, raise the ore concentration, grasp the initiative in the negotiations; Fourth, the use of exchange rate fluctuations The key point to find the best object of negotiations.

首先是海运价格，中国钢厂大部分采用即期租船，很少签长单锁定成本，外矿往往会在谈判期间买入大量期船，抬高海运费，从而抬高铁矿石现货价格；其次是控制现货供应量，利用中国钢材市场旺季来临，制造供应短缺恐慌，提高涨价预期；第三，推动行业内部并购，提高矿石集中度，掌握谈判主动权；第四，利用汇率变动的关键点，寻找谈判最佳对象。

4Based on a fact that the price formula of Asian options can be transformed into that of vanilla European option when the time to maturity is less than or equal to the length of average, we skillfully obtain the analytical price formula for the option on the minimum or the maximum of two geometric average prices and generalize it to obtain the price formula of several average prices for the first time. We also apply the method of [121], which approximates the arithmetic average by the geometric average, to the pricing of opitons on the minimum or the maximum of two arithmetic average prices to obtain Its approximated price formula. Numerical results show that the approximated price is relatively accurate when the riskless interest rate is large or the option is in the money and the volatility of two underlying assets are high and its accuracy is a little reduced but still good when the dividends are considered. However, it is hardly affected by the sampling number.

我们基于观察到的一个事实即当离到期时间小于或等于平均期间时亚洲期权的价格可变换成普通的欧式期权的价格，从而巧妙地得到了两个几何平均价格的最小或最大值期权价格的解析公式，通过简单地推广，首次得到了多个几何平均时的价格公式；将[121]用于算术平均亚洲期权的定价方法推广到两个算术平均价格的最小或最大值期权，从而得到它的渐进公式，数值结果表明：渐进价格的准确性在无风险利率较大或期权为实值且两标的资产的波动率较小时较好，抽样的个数对它没有影响，但考虑红利时它稍有下降但仍较好。

Based on modern option pricing theories,Black-Scholes and Merton option pricing model are used to study the pricing of the structured products,and its design,characteristics and risk are studied respectively.Based on Black-Scholes and Merton option pricing models,I also use the checking method to estimate the parameters of the model following real prices data,And calculate the theoretical price.Then,I compare the real and theoretical prices of the two pricing models.The results show that the effects of the Merton option pricing model are superior to the Black-Scholes option pricing model.Moreover,It shows that Hong Kong stock prices are also affected by the instant messages,and the jump phenomenon may exist in Hong Kong stock market.

本文以香港衍生品市场上三种主要结构性产品结构性票据、牛熊证和衍生权证为例，探讨了结构性产品的设计、特点、风险和定价，以现代期权定价理论为基础，以B-S和Merton两种期权定价为基础，根据市场价格经过校验得出模型隐含的参数，编程计算出两种定价模型下的理论价格，并将其实际价格和理论价格进行了比较，结果显示：Merton定价模型的效果要优于Black-scholes定价模型，说明香港市场的股票价格也可能受即时信息的影响，存在跳跃现象。

Finally i want to tell me prices from some t-shirts: AF 02 Chantal Strech Pima Haiti Relief Skinny-Fit 2-3 --------------- Please make good prices, I bought very often and I know the prices !!!

最后，我想说的是，我的价格从多少件体恤衫。房颤2002 自我Pima拉长救援Skinny-Fit海 2-3。——请让好的价格，我经常和我清楚买的价格！！！

Years Beijing apartment rental prices and the sale prices of the formation of a clear "price scissors", the monthly rental prices down, the sale price of a monthly rise posture.

二零零四年北京公寓出租价格和销售价格的形成一个明确的"剪刀差"，每月租金价格下降，销售价格每月上涨态势。

Collect a great deal of materials on commodity prices and then have the prices of rice, salt, tea, horse, tough silk cloth counted, graphed and analyze the changing trend of various prices.

其三、大量的收集明代的物价资料，然后分门别类的统计明代的米价、盐价、茶价、马价、绢布价，绘制成图表，并分析各种物价变化的趋势。

Secondly, the secondary housing market and Huxing product prices, and some second-hand housing prices per square metre even higher than commercial housing, commercial housing and further promoted Huxing products prices to rise.

其次，二手房市场交易中小户型产品价格上涨，部分二手房每平方米售价甚至高过商品房，进一步推动了商品房中小户型产品的价格上扬。

Shanghai prices much higher than Beijing, Shanghai land prices in the share price only 16.15%; in Guangzhou, the premium share was only 11.4% in house prices.

上海房价远高于北京，但上海土地价格在房价中所占比例只有16.15%；而在广州，地价在房价中所占比例仅为11.4%。

Certainly have not suffered loss, Li is a former British Hong Kong government is one of Li Ka-shing is indeed business Wizards, in the case of real estate are constantly rising had considered restructuring and the transfer of assets, has bought some foreign quality assets, telecommunications companies such as Germany orange shares, the New Jersey ports, the Panama Canal shares, and Hong Kong Cyberport aggressively into the building, will tentacles stretching the transformation and upgrading of telecommunications, Li Ka-shing is the only person in his fox, and many people are of the view that is Li and the former British Hong Kong government to give them weaving a better future, a beautiful dream, and Tung took office play his body more healthy, more destructive power of the strong characteristics of this beautiful dream hit a smash, this is one is caught, the onlookers-to the real estate collapse of the responsibility of all to Mr Tung who is totally unjustified, Although Mr Tung to the mainland, Beijing has followed some acts are in the eyes of some people, but to objectively evaluate, Dong is a honest kind of person, he is inadvertently let Tianzao point that the arrival and the day is certainly coming, the night time, the more devastating losses, Originally, the intention is that Mr Tung real estate prices trend eased, and then the case now almost Shanghai, prices every quarter on a 20% increase, almost all Hong Kong people have been crazy, and just opened a new development, the stage has long been ranked team to effectively alleviate this situation, the new SAR government changed in the past starvation effect of land supply policy, a substantial increase in the level of land supply in order to stabilize high land prices, while the Yuen Long, New Territories into the new City of mass construction, the expansion of public housing, housing construction plan (equivalent to our low-cost housing, economic applicable housing), if no major accident These measures should ensure that real estate to landing, but nobody thought that 98 years of financial turmoil, Hong Kong dollar devaluation Suoluosiming gambling, but the call foul silent do real estate, stock market doing transactions, the use diversionary tactics tactical let him return home with a full load, although the SAR government have been successfully defend the Hong Kong dollar does not depreciate, but the housing market and stock market watch.

当然也有没受损失的，李嘉诚算一个，前港英政府也算一个，李嘉诚不愧是商界奇才，在房地产不断攀高的情况下就已经考虑资产的转型和转移了，先后购买了一些外国的优质资产，如德国橙电信公司的股份、新泽西的港口、巴拿马运河的股份，并大张旗鼓地投入香港数码港的建设，将触角伸进香港电信的升级改造，李嘉诚做人方面堪称是只老狐狸，很多香港人都认为，是李嘉诚和前港英政府给他们编织一个美好的前程、一个美丽的梦，而小董上台后发挥他那身体越健壮、破坏力越强的特点，将这一美丽的梦击个粉碎，这正可谓是当局者迷、旁观者清，将香港房地产崩溃的责任全部归咎于董建华身上，是完全没有道理的，虽然董建华在靠近大陆、追随北京方面有些行为在港人眼里是过了一些，但客观地评价，董是一个老实厚道的人，他只不过是无意中让那一天早一点到来，而那一天是肯定会到来的，时间越晚，损失越惨重，本来董建华的初衷是希望房地产上涨的趋势有所缓解，当时香港的情形与现在的上海差不多，房价每隔一个季度就上涨20%以上，几乎所有的港人都为之疯狂，新楼盘刚开张，台前早已排起长长的队伍，为有效地缓解这一局面，新上任的特区政府一改以往饥渴效应的土地供应政策，大幅度地增加一级土地的供应，以平抑高昂的地价，同时宣布元朗、新界等新城区进入大规模建设，扩大政府公屋、居屋营建计划（相当于我们的廉租房、经济适用住房），如果没有大的意外，这些措施应该能保证房地产的缓着陆，但谁也没想到，98年的金融风暴，索罗斯明赌港币贬值、暗里却大做不动产、股市空头交易，这一声东击西的战术让他满载而归，虽然特区政府成功地实现了捍卫港币不贬值的目标，但香港的房市、股市从那一刻起，一败涂地。

As I mentioned earlier, the yearend prices of our major investees were much higher relative to their intrinsic values than theretofore. While those prices may not yet cause nosebleeds, they are clearly vulnerable to a general market decline. A drop in their prices would not disturb us at all - it might in fact work to our eventual benefit - but it would cause at least a one-year reduction in Berkshire's net worth. We think such a reduction is almost certain in at least one of the next three years.

就像是我上次所提到的，相较于过去，我们这些被投资公司的股价已高于其实质价值，虽然目前以这种价位不会造成我们流鼻血，但难免会受到大盘波动的影响，当然股价下挫一点都不会造成我们的困扰，甚至反而对我们有利，但不可避免地可能会造成伯克希尔年度净值的减少，只要在未来的两，三年间，我们的投资组合市值平均每年减少 10%，就有可能会发生这种状况。

"Please accept this talisman as a token of our thanks."

请收下这个护身符以表达我们的感谢。

If I have that magic, I will be more acceptable in the society.

如果我拥有那种魔法，我将更加被这个社会所容纳。