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Linton had slid from his seat on to the hearthstone, and lay writhing in the mere perverseness of an indulged plague of a child, determined to be as grievous and harassing as it can.

我希望你满意了，凯蒂小姐，因为你不是能对他有益的人；他的健康情况也不是由于对你的依恋而搞成这样的。

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。

WLR: Are there instruments inexpensive enough that lay people could afford to use them to detect the HEF?

是否有足够便宜的文书奠定人们有能力用它们来检测人本？

In 1714, when Queen Anne lay dying, she took herself and Charles off to Hanover, where George Louis, heir presumptive to the English throne, held court.

路易斯主政的汉诺威。在那儿，她像其他雄心勃勃的人一样，千方百计吸引乔治？

For if so, herein lay, as I believed, the antidote at once to their own poverty and to the feeling of suspicion with which they are regarded by the rest of Hellas.

因为如果这样，本在于，正如我相信，一旦解毒剂在自己的贫穷和猜疑是它们由Hellas的其他地方认为的感觉。

The results showed that the sera samples got from the pigs immunized with Hog cholera haplized virus using bursin as adjuvant have higher antibody titers than those without using adjuvant according to the criterion established here, which is conform to the previous study. This study lay on foundation for standarding the I-ELISA assay established here.

以此方法建立的间接ELISA方法对收集的约120头份血清样品进行检测，结果显示：使用囊素与疫苗共同免疫猪的血清抗体水平明显高于未加囊素组猪的血清抗体水平，与以往的报道一致，为以CSFV重组蛋白作为抗原建立的间接ELISA方法的标准化奠定基础。

MILAN BANG ON TARGET 12/4/2004 8:02:00 PM Milan turned in an excellent performance at Parma to come from a goal down to secure all three points in a 2-1 victory and lay another hoodoo to rest.

米兰向着目标前进在 Parma主场，米兰在落后一球的情况后的完美表演，是他最后以2：1获胜并结束了在客场从未战胜对手的历史。

The historians, in reply to that inquiry, lay before us the sayings and doings of some dozens of men in one of the buildings of the city of Paris, summing up those doings and sayings by one word—revolution. Then they give us a detailed biography of Napoleon, and of certain persons favourably or hostilely disposed to him; talk of the influence of some of these persons upon others; and then say that this it is to which that activity is due, and these are its laws.

历史学家回答这一问题时，向我们叙述巴黎城内一座大楼里的几十个人的言行，称这些言行为革命；然后出版拿破仑的，以及同情或敌视他的人物的详细传记，讲述其中一些人对另一些人的影响，说出：这就是这一运动发生的原因，这就是它的规律。

Though she disliked being housebound, she pampered herself too much to go out, so she was bored to death. Her sole distraction lay in more purchases.

她恨自己出不去，又疼爱自己而不肯出去，不出去又憋闷的慌，所以只好多买些东西来看着还舒服些。

Dead darkness lay on all the landscape, dead darkness added its own hush to the hushing dust on all the roads. The burial-place had got to the pass that its little heaps of poor grass were undistinguishable from one another

死沉沉的黑暗笼罩了一切；死沉沉的黑暗使道路上死寂的灰尘更加死寂，坟地里蔓草凄迷，可怜的一小片一小片的草皮彼此已无法区分。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。