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Then move to orange, then yellow, green, blue, indigo and violet.

之后再进行橙色、黄色、绿色、青色、蓝色，最后是紫色。

This paper analyses the homogenous tendency of open-end fund at first,pointing out that unperfect development of market and investors' immature investment opinions is the origin of such phenomena. Secondly,having compared the fund sizes and purchase fee rates of 25 open-end funds in China,conclude that there are problems of diseconomy of scale and indistinctive relativity between fees and achievement in Chinese open-end funds. Then this paper introduces benefit and cost function to analyze the problem of lack of motivation and constrain mechanism towards fund managers because of unreasonable fees in China. Thirdly,this paper analyze funds managers' normal hazards by static game model,and then points out fund managers have serious tunneling behaviors in Chinese open-end fund industry. In the end,this paper analyzes the causes of liquidity risk of open-end fun and the particularity of liquidity risk of open-end fund in China,and concludes that liquidity risk in Chinese open-end fund industry is higher through calculating the rates of share change and comparing the portfolio selections of top 20 open-end funds in China.

本文首先分析了我国目前存在的基金产品同质化现象，指出市场发展的不完善以及投资者投资理念的不成熟是同质化的根源所在；其次对比了我国现有的25只开放式基金的规模和申购费率，得出了我国开放式基金存在着规模效应不明显以及基金业绩与费率相关性不强的问题，并引入效益函数和成本函数分析了由于我国开放式基金费率不合理引发的基金管理者激励约束机制缺失的问题；再次，应用静态博弈模型分析了基金管理人面临的道德风险，指出目前我国开放式基金由于监管机制脆弱而存在着较为严重的管理者利益输送行为；最后，分析了开放式基金流动性风险的形成原因以及我国基金市场流动性风险的特殊性，并通过计算目前我国基金资产规模前20位的开放式基金的份额变动率以及比较它们的投资组合结构，得出了目前我国开放式基金流动性风险偏大的结论。

Under field continuous drought stress, growth rate, branches of stolon, leaf lengthobviously declined, nevertheless, leaf water content increased and MDA content decreasedsignificantly during field water deficit. SOD activity of the four turf grasses increased at thebeginning of water deficit and then decreased with drought stress. POD activity ofAugustinegrass increased rapidly and then kept stable with water deficit, however, PODactivity of Centipedegrass changed indistinctively.

田间持续干旱下，随干旱时间的延长，钝叶草和假俭草匍匐主茎的生长速率、主茎分枝数以及叶片长度显著(P＜0.05)下降；叶片含水量呈上升趋势；叶片MDA含量呈下降趋势(P＜0.05)；叶片SOD活性总体上呈先上升后下降趋势，但德阳假俭草和宫崎钝叶草峰值出现较早；钝叶草叶片POD活性先上升(P＜0.05)后趋于稳定，而假俭草叶片POD活性变化不显著；四个草坪草叶片CAT活性先下降(P＜0.05)后趋于稳定。

She had a public letter-writer indite an epistle to Tholomyes, then a second , then a third

她曾请一个摆写字摊的先生写了一封信给多罗米埃，随后又写了第二封，随后又写了第三封。

Then there was the victory of the Vietnamese red head, think of what Indo-Chinese Federation, had sent troops to fight in Cambodia, and China finally老大姐(then known as the Soviet Union more big brother, China老大姐) over a long face.

再就是越南人被胜利冲昏了头，想搞什么印支联邦，居然出兵去打柬埔寨，终于和中国老大姐（当时越人称苏联老大哥，中国老大姐）翻了脸。

Then the young goalkeeper appeared to go to pieces, flapping ineffectually at a cross then punching feebly to create a chance for Alexander Hleb.

后来这位年轻的门将终于渐渐顶不住了，他在一次接传中球时出击失误，没能把球打远，给赫莱布送上了一个很好的机会，很可惜这位边锋没能把握住。

Group a has the highest inefficacy ratio of 33.33%,then group c 14.58%,and then group b 6.38%.

14c-ubt对hp的疗效检测有一定的临床指导意义。

Chapter 1 we introduce the risk process with positive and negative risk sums,show the background of the risk process. Chapter 2 we show the integral and differential equation of birth probability,give the Lundberg inequation that the ruin probability satisfies with martingale approach,then discuss then ruin probability of the risk process with two dependent positive and negative risk sums,study how the dependence impacts on the ruin probability. Chapter 3 we compare the concrete examples by numbers,and makes further comparison between the two results coming out of independency and dependency,with the purpose of narrating their respective impacts on the probability of ruin probability.

本文第一章引入含正、负风险和的风险模型，介绍风险过程的实际背景；第二章给出生存概率Φ所满足的积分-微分方程，利用典型鞅方法给出破产概率Ψ满足的Lundberg不等式，并且讨论两个相关正、负风险和模型的破产概率，研究相关性对破产概率的影响；第三章对具体实例给出数值比较，进一步把相关性和独立性两种情形的结果进行比较，说明对破产概率的影响。

Then he tells Obama, who infamously has struggled to give up his own smoking habit:"If you always want to be there for your girls, then stop smoking NOW!"

奥巴马也正在努力戒烟，鲍尔斯向他写道："如果为了你的女儿着想，请你现在就戒烟！"

Then cited the accrual basis of revenue from commercial banks, the cost of the verification process in the concrete application and then by Chinas commercial banks adopt accrual accounting system by the existence of the problem, pointing out that this principle in Chinas commercial banks accounting easy Banks inflated income, inflated profits easily lead to false accounting; easily lead to inflation and affect the national economys health, sustained and stable development.

接着列举了权责发生制在商业银行会计处理中的运用，进而提出了我国商业银行会计核算采用权责发生制所存在的问题，指出这一原则在我国商业银行会计核算中，容易导致银行虚增收入，夸大利润；容易导致会计造假现象；容易引发通货膨胀，影响国民经济的健康、持续、稳定发展等问题。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。