套利

The thesis proposes a trinomial tree method to approximate the CEV process and use it to evaluate different types of Asian options: average price option and average strike price.

2基于Black-Scholes 期权定价模型的假设条件，利用无套利原理，建立了两资产亚式彩虹期权定价模型。

One view is that by Kim Tae-ST, trading companies, such as triple play of capital stock of the operation, Wong Kwong Yu from the secondary market arbitrage.

一种看法是，通过对ST金泰、三联商社等个股的资本玩术，黄光裕不断从二级市场套利。

This paper researched the reason and rationality of consideration payment. It was believed that the issue of circulated stock shares at high premium and the future risk after the reform is the main reason that uncirculated stock shareholders pay the premium to the circulated stock shareholders, and the reasonable level of consideration should be the equilibrium consideration induced from the arbitrage theory.

本文研究了对价补偿的原因和合理性，认为历史上流通股的高溢价发行及股改后全流通的未来风险是非流通股股东向流通股股东支付对价的主要原因；并认为合理对价水平应该是由套利理论推导出的均衡对价。

Mr Mayer is blunter. With short-term funds piling in, he notes, there is a risk of a self-fulfilling prophecy leading to a successful bid once the right price is struck to tempt the funds to cash in their gambling chips.

梅耶先生是坦率的，他指出，随着短期资金的大量进入，有出现&自我实现的预言&导致被成功收购的风险，收购者宣布收购的意图，股票价格开始上涨，一旦股价到达短期投资者的心理价位，就可能诱使他们大量兑现套利，从而实现收购。

Mr Mayer is blunter. With short-term funds piling in, he notes, there is a risk of a self-fulfilling prophecy leading to a successful bid once the right price is struck to tempt the funds to cash in their gambling chips.

梅耶先生更为直接地指出，随着短期资金的大量进入，有出现&预言的自我实现&导致成功收购的风险，收购者宣布收购的意图，股票价格开始上涨，一旦股价到达短期投资者的心理价位，就可能诱使他们大量兑现套利，从而实现收购。

Innovations quickly become commodities, enable arbitrage and lead to more distributed systems. Combining all three is the recipe for Dabba, a South African wireless start-up, which has pioneered an idea called the "village telco".

新技术迅速变成商品，激活套利，同时导向更多的分布式计算机系统，综合以上3点就是Dabba的秘诀，Dabba是南非一家倡导&乡村电信&概念的

Innovations quickly become commodities, enable arbitrage and lead to more distributed systems. Combining all three is the recipe for Dabba, a South African wireless start-up, which has pioneered an idea called the "village telco".

新技术迅速变成商品，激活套利，同时导向更多的分布式计算机系统，综合以上3点就是Dabba的秘诀，Dabba是南非一家倡导&乡村电信&概念的无线技术创业公司。

The course of coming into being the equilibrious market price is showed under the condition of asymmetric information, and existing information cost by introducing the Grossman-Stiglitz Paradox and the Grossman-Stiglitz Model.

同时，分别对威廉斯模型、沃尔特模型、戈登增长模型、市盈率评估法、资本资产定价模型、套利定价理论和因素定价模型等进行了简单评述，指出其理论假设和应用的局限性。

Exogenously determined market risk price might conflict to the no-arbitrage assumption.

外生给定的市场风险价格有可能与无套利假定之间存在内在冲突。

The relationship between no-arbitrage and the existence of an optimal consumption is revealed in a frictional market with nonproportional transaction costs.

对于不成比例交易费（固定交易费与成比例交易费）的市场，讨论了无套利与最优消费的关系。

Finally, according to market conditions and market products this article paper analyzes the trends in the development of camera technology, and designs a color night vision camera.

最后根据市场情况和市面上产品的情况分析了摄像机技术的发展趋势，并设计了一款彩色夜视摄像机。

Only person height weeds and the fierce looks stone idles were there.

只有半人深的荒草和龇牙咧嘴的神像。