股票

At last, we continue to analyze the influence which the macroeconomic growth rate has on the volatility of the stock returns. We make the macroeconomic growth rate as an exogenous variable to add to the above iterated weighted volatility model. From the above analysis, we can draw a conclusion that the volatility of the stock returns of Chinese stock markets will strengthen in economic expansion period and weaken in economic recession period.

在此分析前提下，继续深入分析宏观经济增长率对股票市场收益率波动的影响，将宏观经济增长率作为外生杠杆变量加入到上面的迭代加权最小二乘法的条件波动率模型中，结论是我国股票市场收益在经济扩张期波动性减弱，而在衰退期波动性增强。

Under the hypothesis of stock price submitting to exponential Ornstein-Uhlenbeck process ,we solve the formula of pricing of stock and analyse the kind of the option formula, and then aiming at the blemish to suppose to interest rate before and considering the relation of the fluctuation of interest rate and the fluctuation of stock price , we bring up the model of the market interest rate and focus on analyzing the effect of the fluctuation of market interest rate on the option price based on the model.

本文首先在股票价格服从指数Ornstein-Uhlenbeck过程模型假设下，求解了股票的定价公式，分析了期权公式的性质，然后针对以往对利率假定的缺陷，考虑到市场利率波动与股价波动的相关性，提出了市场利率模型，并在此基础上，着重分析了市场利率的波动对期权价值的影响，求得了适合于期权有效期较长情形下的期权定价公式，并将该公式通过实例与著名的Black-Scholes期权定价公式进行了深入比较。

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。

The phenomena that large shareholders expropriate small Shareholders' interest will occur frequently in our stock market , which has been one of the most difficult and focusing problem to regulate and develop our stock market.

在我国股票市场上，大股东侵害小股东利益的现象不断涌现，成为了制约我国股票市场稳定发展的一个难点和焦点问题。

One is pricing characteristic in our country"s stock market,and another is our country"s stock market characteristic factor model.

第二章分为我国证券市场股票定价的特征和我国证券市场股票的特征因素模型。

In china stock market, the financial falsity of list company has become a focus problem .

提要：在我国股票市场中，上市公司的财务虚假已成为了制约我国股票市场稳定运行和规范的一个难点和焦点问题，但至今为止的有关研究中存在着如下的不足。

An independent fiscal agent, usually a large bank, retained by a corporation to provide assurance against overissuance of stock certificates.

股票登记人受公司聘请为防止公司股票的过度发行提供保证的独立财务代理人，通常是一家大银行。

"Short-term penny stock may not appear large area, floating capital in the stock near the location of 1 yuan will be repeated rounds of competition."

"短期小额股票可能不会出现大面积，漂浮在附近的位置，1元的股票资金将多轮竞争。"

When a privately owned company needs new capital, it can raise the money by issuing shares to the public on the stock market and floating the company.

指私人持有的公司通过向公众发行股票，使公司股票在交易所挂牌买卖，成为一家上市公司。

So the influence of the fluctuation of stock price to money market is more and more important.

随着我国股票市场的迅速发展，股票流通总量急剧增加。

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。