查询词典 option

This thesis analyzed the applicability of stock option plan in our country through discussing the theory of stock option incentive, based on comparing and using for reference the mature stock option plan, the model of emprise preference appraisal and human capital fixing a price, put forward the idea and method for designing the Hi-Tech industry stock option plan.

本文通过对股权期权激励理论的探讨，分析了股份期权计划在我国现阶段的适用性，在比较借鉴成熟的股票期权计划、公司绩效评价模型和人力资本定价模型的基础上，提出了高新技术企业股份期权技术设计的思路和方法。

On the basis of the theory of option pricing,We study the connection between America call option and European call option;Under the assumption condition of Black-Scholes formula ,use the theory of martingales and stopping time,get the conclusion that: the price of America call option equals the price of European call option; Discuss some numeric computing methods of the put America option pricing, with the invarional inequaility for optimal stopping, prove the boundary property of America put option price ...

基于期权定价的基本理论，研究美式看涨期权与欧式看涨期权之间的关系；在Black-Sc holes公式假设条件下，利用鞅和停时理论，得美式看涨期权的价格与欧式看涨期权的价格相等；探讨美式看跌期权价格的数字化计算，在相关假设条件下，利用基于最优化时的变分不等式证明了美式看跌期权价格的有界性，并介绍了几种美式看跌期权价格的数字化计算方法。

Convertible bonds can be seen as a portfolio of five positions:bond,conversion option,redemption option,call option,and conversion price correction option.

可转换债券可以看成债券、转股权、赎回权、回售权和转股价格调低权五个头寸构成的组合。

The content of stock option scheme design includes the sources and channels of needed stocks of stock option's exercising rights, the authorization and exercising of stock option, the granting chance and quantity of stock option, the determination of premium of stock option, the implementing methods of stock option, right transfer and loss, and the management of stock option plan.

股票期权方案设计的内容包括股票期权行使权所需股票来源和渠道、股票期权的授予和行使、股票期权的授予时机和数目、股票期权行权价的确定、股票期权的执行方法、权利变更及丧失、对股票期权计划的管理等。

Not only analyzing the basic option model of investment decision for single enterprise, the article introduces the popular game theoretic option and points out competition will erode the option value, so when the investors make decision, they can"t adopt the general basic option method for single enterprise"s investment decision. On this case, the preemption changes the investment start point and the optimal decision should adapt according this.

除了对单一企业的基本投资决策期权模型进行分析外，文章还引入了目前国际上较新的期权博弈理论，提出处于一定竞争态势下的企业在面对投资决策时，由于竞争的影响吞噬了项目推迟期权的价值，因而不能一概地采用最基本的单一企业投资决策期权方法，此时抢摊博弈使投资时点的判断发生了变化，企业的最优决策也应随之变化。

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。

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。

The ratio of stock right calculated according to venture investment experiential principles is sound and easy to accept. It can give quantitative analysis support to the venture investment practice.(6)According to the theory of the real option, the author derived value formula of the real option fixed price and investment criterion. Based on above, the paper further research for optimal investment strategy of real option in monopolizing and competition under asymmetry information, and built the value model of real option for the investor and administrator by using the theory of the principle trust-agent Meanwhile, the solution of real option optimal investment and the shift value are derived applying the maximal principle .

针对高新技术企业发展的特点：研制周期长、投资费用高、每阶段风险水平特征差别大，运用实物期权理论与计算方法，通过研究建立嵌入期权现金流量图深入分析计算了企业发展中风险投资的最优策略、股权占有比例问题，对不确定性问题由于采用了有关实物期权计算公式，所以计算结果比基于传统的现金流量图的NPV方法更加客观、科学，同时按照风险投资经验法则计算出的股权占有比例合理易于接受，可为企业风险投资实践活动提供数量分析支持。

1If the call option is an in-the-money option or at-the-money option, the liability formed by its continuous involvement shall be measured in accordance with the residual amount of the sum of option exercise price and the fair value of the put option less the time value of the call option; and

该看涨期权是价内或平价期权的，应当按照看涨期权的行权价格和看跌期权的公允价值之和，扣除看涨期权的时间价值后的金额，计量继续涉入形成的负债。

Offer for the grant of option The board is pleased to advise you that pursuant to a resolution passed at a meeting of the board held on 8th March 2007,the board has resolved to grant you the "Offer"(which is still subject to listing of committee of the stock exchange approving the granting of the listing of and permission to deal in the shares which may fall to be issued pursuant to the exercise of the options under the Pre-IPO Share Option Scheme) at a consideration of HK$1.00 an option pursuant to the Pre-IPO Share Option Scheme to subscribe for 40000 shares at an exercise price of 85% of final HK dollar price per share at which the shares are to be subscribed for /purchased and issued/ sold pursuant to the global offering of the shares in the initial public offering in or around March 2007 at any time during the six-year period commence from the expiry of twelve months from the listing dateprovided that the maximum number of shares in which you are entitled to subscribe for by exercising the option shall not exceed 25%of the total number of option shares during the period from expiry of the first anniversary of the listing date to the date immediately before the second anniversary of the listing date :and 25%of the total number of option shares during the period from expiry of the second anniversary of the listing date to the date immediately before the third anniversary of the listing date ;and 25%of the total number of option shares during the period from expiry of the third anniversary of the listing date to the date immediately before the fourth anniversary of the listing date ;and 25%of the total number of option shares during the period from expiry of the fourth anniversary of the listing date to the date immediately before the fifth anniversary of the listing date save that any of the outstanding and unexercised option at the end of each of the aforesaid vesting periods may be rolled over to the next vesting period and exercisable during the option period ,and the option shall,in any case ,lapse where you cease to be employed by the company or its subsidiaries for whatere reason or otherwise pursuant to the terms of the Pre-IPO Share Option Scheme.

登录后回答可以获得经验值奖励，并可以查看和管理所有的回答。登录|1.Offer的期权该委员会很高兴地通知您，根据是在对2007年3月8日举行的董事会会议上通过一项决议，该委员会决定授予您"要约"（依然受在联交所上市委员会批准给予上市，并准许其在交易的股票可能下跌发出依据根据首次公开招股前购股权计划之购股权获行使）在审议为港币1.00元的选择根据首次公开招股前购股权计划认购40000股为85港元，最终每股％美元的价格行使价格，股票要认购/购买并发行/出售依照全球发售的股份在最初在2007年3月左右上市期间的任何六年期开始从十二个月上市日期提供的届满时间，在你有权认购股份的最大数量行使在紧接上市日期2周年选项不得超过（在从上市日期一周年期间届满的日期一）25的选择权股份总数％：及在从该上市日期2周年期间届满之日起的25选择股份总数％，紧接上市三周年之日；25的选择权股份总数％，与从上市日期四周年期间届满的日期紧接上市日期五周年，并保存该悬而未决的和未执行的选择任何在最后上述的归属期间每年可结转到下一个归属期期间内行使的期权，而选择应在任何情况下，失误，你不再是由公司或whatere或其他原因及其附属公司雇用根据该条款前首次公开售股购股权Scheme。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。