查询词典 stock option

Under the assumption that the expected rate μS(t , volatilityσS(t are functions of risk asset S, and stock pricing process respectively driven by a general O-U process and an exponential of a Levy process, we obtain the accurate pricing formulas and put-call parity of European option. In the end, assume that riskless rate is given, we deal with pricing formulas of European option on foreign currency and apply the approach to the pricing of the convertible bond.

利用保险精算方法给出了股票价格遵循广义0一U过程模型的欧式期权的精确定价公式和买权与卖权之间的平价关系以及股票价格过程遵循指数Levy过程的定价模型，最后推导出利率确定情形下外汇期权的定价公式，并且给出了保险精算方法在可转换债券定价中的应用。

Every country has its stock market, this research used information from stock market to measure sovereign risk of zero external debt country, and used option pricing model to analyze sovereign risk.

世界各国都拥有股票市场，本研究以一国股票市场的资讯来衡量无外债的国家的主权风险，并且以选择权评价模型来分析主权风险。

If you sell a naked call and the stock rises to its exercise price, the option buyer can demand delivery, whether you own that stock or not.

如果你卖出无标的证券看涨期权，股票涨到了行权价，不管你有没有股票，期权买家都可以要求得到股票。

In the part of empirical analysis of Chinese IPO first-day return, the difference between existing study and this study is that we use principal components analysis to extract from five factors to construct investors'sentiment index, add it to controled varibles, on which we examine the influence of offering mechanism on IPO first-day return. Moreover, we gather statistics and compare the IPO holding return for lockup period between fixed-price-class offering method and bookbuilding-class offering method, as well as price range between Chinese A-share market and Hongkong stock market, which prvide comprehensive evidence to appraise Chinese IPO bookbuilding mechanism. 2. Compare to the existing literatures which consider discount or allocation, incentive allocation and discount are considered at the same time in optimal mechanism design in this dissertation, and the offering bottom price is introduced to the price range. We investigate the relationship between price range and allocation quantity, and obtain the optimal price range and allocation strategy so that the advantages of independent allocation are reflected. On the other hand, the disadvantages of independent allocation are reflected in the manipulation in case of no restriction on IPO allocation. To distinguish from the existing literatures, bookbuilding mechanism is introduced to the model. We study the allocation strategy adopted by the underwriter in the pooling equilibrium of manipulation. In addition, we analyze the incentive compatibility conditions to which the existence of pooling equilibrium should satisfy and examine some factors'impact on the existence of manipulation.3. In bookbuilding without independent IPO allocation, Chinese realistic IPO background is considered and the condition of bookbuilding and fixed-price hybrid offering is added. Divide bookbuilding and fixed-price hybrid offering into sequential hybrid and simultaneous hybrid, and point out that the key points of subscription strategy in the two kinds of hybrid are different. Through modeling and simulation we obtain the impact of institutional investors'subscription strategy on bookbuilding without independent IPO allocation, which fill the gap in related research. Moreover, in the part of IPO bookbuilding with over-allotment option, the pricing strategy is divided into hot-IPO strategy and weak-IPO strategy. Take into account the procedure of Chinese IPO with over-allotment option, it presents how the underwriter determines the pricing strategy and what effect it brings to offering price and issue size through modeling and simulation. Therefore, it is instructive as a complement to existing literatures.

此外，对我国A股市场询价发行方式与固定价格发行方式下的IPO锁定期到期时持有收益率、以及我国A股市场与香港市场的询价发行价格区间进行了统计比较，为评价我国IPO市场的询价发行提供了比较全面的依据。2、相比已有文献仅考虑折价和分配中的一种激励措施，本论文在有自主配售权下的机制设计中并用了分配与折价两种激励措施，并且在价格区间的制定中引入发行底价，考察了价格区间与分配量之间的关系，得到最优的价格区间和分配策略，从中体现自主分配权的优点；在有自主分配权下的操纵行为研究中则体现了自主配售权的弊端，与已有文献不同的是，在模型中引入了累计投标询价机制，研究了承销商在混同均衡操纵中采取的分配策略，并对操纵存在的条件进行分析讨论，得出各个因素对混同均衡操纵存在的影响。3、在无自主分配权下的询价发行中，充分考虑了我国实际应用的背景，加入了与固定价格发售混合的条件，并将询价与固定价格混合发行分为序贯与同步两种方式，指出机构投资者在两种情况下申购策略的侧重点各有不同，通过对序贯混合发行方式下的网下累计投标策略以及同步混合发行方式下的资金分配策略的模型建立和数值仿真，考察了机构投资者申购策略对无自主分配权下的询价发行的影响，填补了相关研究文献的空白；在包含超额配售选择权的询价发行中，将发行定价策略分为热销策略和弱销策略，在考虑了我国含超额配售选择权的发行流程下，通过建模以及数值仿真得出承销商会对发行定价策略作出怎样的选取，进而会对新股发行价格、发售数量产生怎样的影响，对目前相关研究的缺乏做出了有益的补充。

Modification of Simple Formula on Bonds Yield to Maturity;2. Application of Real Option in the Credit Management of Bonds;3. This paper analyses the investing value and speculating value of covertible bonds according to the features of their liability contracts and stock call option.

从可转换公司债券的债务合约特征和股票看涨期权特征出发，分析了其投资价值和投机价值，从而构造出可转换公司债券的投资收益曲线；阐述了可转换公司债券投资的最小值原理，对其投资收益的评估进行了讨论；分析了影响可转换公司债券的基本因素及其随这些因素而变化的基本规律。

If E holders did not receive cash option, then the line right after the stock is held by Panzhihua Iron and Steel does not contain any rights, and to those who gave up the first option of investment in cash, they Hong Kong equity holdings also include the right to choose the second time in cash, so that the circulation of Panzhihua Iron and Steel shares have with the right, excluding the right to two, and there is no distinction between the two will cause market chaos.

如果E持有人没有收到现金选项，然后行权后的股票是由攀枝花钢铁举行不包含任何权利的放弃了谁的现金投资的第一选择，他们持有的股票，也和包括有权选择第二次现金，因此，不包括对两个权利的攀枝花钢铁股流通与权的，也没有两者之间的区别会引起市场混乱。

By Panzhihua Steel Vanadium today announced that, in order to encourage more of Panzhihua Vanadium Steel shareholders have the right to choose to choose to continue holding company stock, to encourage more climbing the Great Wall shares of Chongqing Titanium and shareholders have the right to choose to participate in convertible , Anshan Iron and Steel Group to make further commitments: Anshan Iron and Steel Group will "on the right to declare the cash option exercise period of the deadline for undeclared cash to exercise the right to choose have the right to choose shareholders," added the right to declare a cash option to the right line.

由攀钢钢钒今天宣布，为了鼓励攀钢钢钒的股东有更多的选择权，选择继续持有公司股票，以鼓励更多攀登长城重庆钛和股东的股份有权选择可兑换，鞍山钢铁集团公司参与做出进一步承诺：鞍钢集团将&对有权宣布现金选择了未申报行使现金期限内行使选择权的有选择权股东，&将有权宣布现金选择正确的路线。

Option Contracts:—Equity options;—Stock index options;—Foreign currency options;—Options on futures contracts;—Option-based interest rate contracts:●Caps and floors;●Collars: special combinations of caps and floors;●Swaption: Options that allow the holder to enter into a swap contract at a later date.

期权合约：—股票期权；—股票指数期权；—外汇期权；—期货合约期权；—基于利率合约的期权：●利率顶和利率底；●利率套：利率顶和利率底的特定组合；●互换权：允许持有者在一个日期以后进入互换的期权。

Option Contracts:—Equity optio —Stock index optio —Foreign currency optio —Optio on futures contract —Option-based interest rate contracts:●Ca and floor ●Collars: ecial combinatio of ca and floor ●Swaption: Optio that allow the holder to enter into a swap contract at a later date.

期权合约：—股票期权；—股票指数期权；—外汇期权；—期货合约期权；—基于利率合约的期权：●利率顶和利率底；●利率套：利率顶和利率底的特定组合；●互换权：允许持有者在一个日期以后进入互换的期权。

Under the precondition of assuming the stock price did not following the famous geometric Brown law, and agents have no exact knowledge of the probability distribution for the uncertain economic shock and return rate perturbation, chapter five presents the uncertain dynamic models of portfolio choice and option hedging respectively. In this chapter, we define the H〓 norm of transfer function from disturbance input to control output as financial risk measurement, and investigate the risk-attenuating robust H〓 portfolio investment and option hedging strategies.

第五章在金融证券价格并非服从几何布朗运动，收益率波动和外部噪声扰动的统计特性未知的情况下，分别建立了金融经济领域证券组合投资及期权套期保值问题的动态模型，引入从扰动输入到评价输出传递函数的H〓范数作为金融风险的度量指标，运用鲁棒H〓控制技术，研究了抑制金融风险的动态证券投资和期权套期保值决策问题。

On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面，更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值，分为几个相等的区间作为横轴，并将各区间内所测定值依所出现的次数累积而成的面积，用柱子排起来的图形，也叫做柱状图。