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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。

According to a given function, namely, composite trapezoidal formula using composite Simpson formula Romberg quadrature formula and the variable step-size integration quadrature formula results, and compare the accuracy of points.

详细说明:根据给定的函数,分别用复合梯形公式、复合辛普森公式、龙贝格求积公式和变步长的求积公式计算积分结果,并且比较积分的精确度。

In prime number distributed research process,and through established one kind of new sieve method and the stair theory,this article obtained about three group of prime number distribution recurrence formula: The 1st is not bigger than x the prime number integer recurrence formula;The 2nd is not bigger than x the twin prime integer recurrence formula;The(3rd Recurrence) formula.

在研究素数分布过程中,通过创立一种新的筛法与台阶理论,得到关于素数分布的三组递推公式:不大于x的素数个数与孪生素数对数量的递推公式;不大于x的孪生素数个数的递推公式;任意偶数x≥6表为两个奇素数之和与孪生素数对数量对数的递推公式。

All parties agreed to use the tiered formula for tariff reduction in 2004 reached "July framework", but the details of the formula did not make specific provisions. So each group put forward their own tiered formula and the negotiating parties are currently evaluating the impact of different formula.

在2004年达成的"七月框架协议"中各方一致同意使用分层公式作为关税削减的主要方式,但是对该公式的细节并没有做出具体的规定,所以目前各集团分别提出了自己的分层减让方案,谈判各方正以此为基础进行测算,以评估对本国利益的影响。

It was supposed that the dynamic moving process of the stock price and the return was driven by Geometry Brownian Motion and the lognormal distribution respectively. Takinginto account the riskneutral environment, we got a closedform analytical formula for deferred arithmetic asian options by the method of Taylor expansion of the stochastic integral formula within the terminal payoff. Furthermore, with the series definition of the definite integral, we transferred the continuous problem into a discrete one which is simpleenough to figure out. Meanwhile we tested the accuracy of the formula with the Monte Carlo simulation as a benchmark and the result shows that the formula can be utilized to price the related financial derivatives.

在标的价格服从几何布朗运动、收益服从对数正态分布的前提下,通过风险中性定价原理,对到期损益中的随机积分进行任意次Taylor近似,并由级数定义将此连续问题离散化,给出了延期算术平均亚式期权封闭形式的解析定价公式,并与Monte Carlo模拟得到的价格作为标尺对得到的公式进行精确性检验,结果表明,所得公式可以应用到金融实务中对此类衍生品定价中。

Optical Formula Recognition is not only the sign of formula recognition, but also include the extraction of the formula, the record of two dimension structure of the formula and so on.

数学公式的识别不仅只是公式中符号的识别,其还包括了公式抽取,公式二维结构的记录等方面的研究。

Tab stop set up after the front of the cursor on the formula, click the Tab key, so that the formula, insert the words in a tab, when the formula in place as the central tabulation center Align Center and then the cursor moved between the formula and the left bracket, and then Tab key insert a tab, go to line number on the end.

设置好制表位后,把光标放在公式的前面,按一下 Tab 键,这样就在公式的前面插入了一个制表符,此时公式以居中制表位为中心居中对齐,再把光标移到公式和左括号之间,再按 Tab 键插入一个制表符,编号就跑到行末了。

For the security market with restricted borrowing and short sale unallowed, Options pricing formula are advanced, and the relation between them and Black-Scholes Options pricing formula is discussed. The essence of Black-Scholes Options pricing formula is set forth. To the security market with restricted borrowing and short sale unallowed, stock returns risk pricing formula is advanced and the demonstration analysis of China security market is provided. From the demonstration analysis, arbitrage exists in China security market, which can be applied to explain the riddle of a great deal of China bank money and hot money swarming into China security market.

本文在B-S期权定价的基础上,直接利用股票本身的参数推导出股票收益率风险的定价公式;对不允许融资和卖空的证券市场,给出了看涨期权和看跌期权的定价公式,并讨论了他们和相应B-S期权定价公式之间的关系;对B-S期权定价公式的本质做出了阐述;对不允许融资和卖空的证券市场,给出了股票收益率风险的定义;利用股票收益率风险的新定义,对中国证券市场进行实证分析,得出中国证券市场存在套利,解释了2006年和2007年中国大量银行资金和国外热钱流向中国股市之谜。

With the constant expansion of the field of research vision,the research of translator is brought into the system of translation research and subjective effect of translator is also confirmed in the translation.

随着研究视野的不断扩展,人们把对译者的研究也纳入到了翻译研究的体系当中,并逐渐肯定了译者在翻译中发挥的主体性作用。

I worked as a translator for the King County court house. Afterwards, I worked as a translator for hospitals.

我工作,担任翻译为国王县法院众议院之后,我担任翻译医院。

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推荐网络例句

According to our present broadcasting situation,the thesis proposes using new technology to update and reform the present HFC. It also suggests broadcasting using self-advantage and arranging EPON in order to win the supermarket.

论文从我国广电的现状出发,结合实际,积极倡导采用新技术更新、改造我国现有的HFC网络;倡导广电现阶段利用自身优势,部署EPON网络来赢取市场。

A new general kinetic equation was derived in which the effect of the removal of condensation water was taken into account completely, and was applied to the polyesterification kinetic study of AA/HPHP and AA/NPG. It was found that the reaction order of self-catalyzed polyesterification was not constant. For these polyesterifications, the reaction order was 2.5 at a low temperature, while 3.0 at a high temperature.

考虑缩合水的排除对反应体系的影响,用体积浓度单位推导出一个新的聚酯反应总包动力学方程,并应用到AA/HPHP和AA/NPG两个聚酯化反应的动力学研究中,研究发现,自催化聚酯反应的反应级数并不是固定值,对于AA/HPHP和AA/NPG两个聚酯化反应而言,低温时反应级数为2.5,高温时反应级数为3.0。

But with the development of industry, the proletariat not only increases in number; it

但是,随著工业的发展,无产阶级不仅人数增加了,而且它结合成更大的集体,它的力