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This research used option-based structural model: Merton Model and the Implied Volatility Model which visualized an option on the firm's equity that expired before the debt mature was a compound option and was proposed by Hull, Nelken and White in 2004. Then compare the fitting and ranking ability in the model implied credit spread of the two structural model to the observed bond credit spread between corporate bond yield and bond yield in Taiwan's listed companies.
本研究运用选择权基础的信用风险模型:Merton(1974)模型与Hull, Nelken and White(2004)提出将个股选择权视为复合选择权的Implied Volatility模型,比较这两个结构式信用风险模型所计算出的隐含信用利差对台湾上市、柜公司之公司债殖利率与公债殖利率间实际的信用利差之配适能力与排序能力。
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Normal type and abnormal type of γ 2 generation of a cotton high-yied variety Emian 15 and a high yield cotton line 05①006, as well as their nonirradiated materials were investigated to study the correlations between six major economic traits such as lint yield, etc and nine agronomical traits such as plant hight.
以高产品种鄂棉15γ2代和新品系05①006γ2代的正常型、非正常型与相应的未辐射材料为对象,研究了它们的皮棉产量等6个主要经济性状与株高等9个农艺性状间的相关性。
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The catalyst of RFG-DQ and DOCO(1) can both reduce the olefine content of gasoline dramatically, with the yield of LPG ,diesel and coke reduced and the yield of gasoline increased, as well as octane number of gasoline reduced more greatly.The olefine content of gasoline can be effectively reduced by optimizing the operation condition, lowering the reaction temperature, increasing the catalyst-to-oil ratio and using catalyst, which can improve the gasolines quantity and upgrade the gasoline.
通过优化操作条件、降低反应温度、增大剂油比和采用有效降烯烃催化剂等措施可以有效的降低催化裂化汽油的烯烃含量,提高催化裂化汽油的产品质量,达到我厂汽油产品升级换代的目的。
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The primary forms of interest rate risk to which banks are typically exposed are:(1) repricing risk, which arises from timing differences in the maturity and repricing of bank assets, liabilities and off-balance sheet positions;(2) yield curve risk , which arises from changes in the slope and shape of the yield curve;(3) basis risk, which arises from imperfect correlation in the adjustment of the rates earned and paid on different instruments with otherwise similar repricing characteristics; and (4) optionality, which arises from the expressed or implied options imbedded in many bank assets, liabilities and off-balance sheet portfolios.
银行面对的利率风险主要表现为以下几种形式:(1)再定价风险,它产生于银行资产、负债和表外业务的期限不匹配和利率调整的幅度不一致;(2)收益曲线风险,它产生于收益曲线的斜率和形状发生的变化;(3)基本点风险,与再定价风险相似,它主要来自对不同金融工具收取和支付的利率不成比率的变动;(4)选择权,它产生于银行资产、负债、表外业务中存在的或明或暗的选择权。
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The catalytic transformation pathway can change to decrease the yield of hydrogen and yield methyl-contained sulfides such as methyl mercaptan, dimethyl sulfide and dimethyl disulfide, but overlarge concentration of methanol would holdback the transformation of isobutyl mercaptan. The transformation of isobutyl mercaptan was favorable if the volume ratio of methanol and benzene was 0.2.The addition of methanol assume certain effect on the catalytic cracking of di-n-butyl sulfide in solvent benzene but without changing the cracking reaction mechanism of di-n-butyl sulfide.
甲醇也可以使异丁硫醇的催化转化路径发生改变降低硫化氢的产率,生成甲硫醇、甲硫醚及二甲基二硫化物等含甲基硫化物,但甲醇的浓度过高会抑制异丁硫醇的转化,在反应体系中当甲醇的体积占到溶剂苯体积的20%时对异丁硫醇的转化较为有利;甲醇的添加对丁硫醚在溶剂苯中的催化裂化有一定影响,但没有改变丁硫醚的裂解反应历程。
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When introduced the ultrasound into EHD of acrylonitrile, the yield of propionitrile is increased, but the yield of hydrotrimer is decreased as compare to the silent condition.
对丙烯腈电化学氢化二聚反应生成己二腈的体系中施加超声的结果表明,对这一后置化学反应的体系,超声可以改变反应的机制,并最终对电解产物的分布产生影响。
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Mostly static reserve, faults at boundary and big fall in coal mine make water flow from limestone aquifer to opposite sandrock aquifer, mostly poor water yield property but partly better water yield which developed at faults, fold axis and sandrock crack are the characters of this aquifer.
该含水层具有以静储量为主、边界断层及井田内落差大的断层使灰岩含水层补给断层对盘砂岩含水层,总体上富水性弱,但局部富水性强,富水区一般在断层、褶皱轴部及砂岩裂隙发育区的特点。
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Methodswith yield of total flavonoids and the sum integral relative peak area of total flavonoids in hplc chromatograms as the index, orthogonal experiment was carried to investigate factors of temperature, solid-liquid leaching rate, concentration of alcohol, which impact the yield of total flavonoids from sorbus tianshanica rupr.
方法采用正交实验,分别以比色法测定总黄酮提出率和高效液相色谱图谱中总黄酮相对积分峰面积为指标,考察提取温度、料液比、醇浓度对天山花楸叶中总黄酮提出率的影响。
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Second, flood also caused the reduction of the local arable land and terrene deterioration in the domain of agricultral production, which caused the cultivation system changed, from the high yield rice farming to the low yield dry farming of gain one time every year.
水患的社会影响首先在物质层面,第一,水患导致了淮河流域人口的缺损,主要表现在两个方面:一是水灾造成的直接人口损失;二是因水灾而起的瘟疫、劳役等引起的间接人口缺失,损失巨大,触目惊心。
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Results of the computation under the same welding temperature field show that the longitudinal residual stresses in the weld are as high as the yield strength of the plate in the strength and TEC evenmatched joints, lower than the yield strength of the plate in the strength evenmatched and TEC undermatched joints. It also has something to do with the strain hardening exponent of the weld metal in the strength evenmatched and TEC overmatched joints.
计算结果表明:等强等胀匹配的焊缝区纵向残余拉应力水平高达母材的屈服强度,等强低胀匹配的焊缝区纵向残余应力水平低于母材屈服强度,等强高胀匹配的焊缝区纵向残余应力水平还与焊缝应变硬化指数有关。
- 相关中文对照歌词
- Yield To Temptation
- 推荐网络例句
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She gently rebuff ed him, but agreed that they could be friends
她婉言拒绝了,但同意作为朋友相处。
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If in the penal farm, you were sure to be criticized.
要是在劳改农场,你等着挨绳子吧!
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Several theories about reigniting and extinguishing of the arc have been refered.
本文综合考虑了几种电弧重燃和熄灭理论。