选择权

It is this demand for housing is driven by domestic industries, promote the development of civilized living, urban living space also has its full right to choose; Third, the urban residents in improving their own quality of life, living environment is also vital to experience life and space in relationship lending and leasing, which passed from the current real estate mortgage loans and leasing of housing to improve the living status of the self-view is obvious; Fourth, each of the residents will be able to exercise freely their right to living space of the aesthetic, also take up construction of urban living aesthetic responsibility.

正是这种对房屋的需求推动了国内产业，促进发展的文明生活，城市生活空间也有充分的选择权；第三，城镇居民改善自己的生活质量，生活环境也是至关重要的经验生命和空间关系的贷款和租赁，而通过从目前的房地产抵押贷款和租赁的住房，以改善生活状况的自我认为是显而易见的；第四，每个居民将能够自由地行使自己的权利居住空间的审美，还需要建设城市生活美学的责任。

But the sports-car firm buckled under the debts it acquired along with 51% of VW's shares and options to buy yet more.

但该跑车厂商在获得大众51%股权和购买更多股份的选择权的时候也背上了沉重的债务负担。

Using option-based structural model, one can estimate the firm's theoretical probability of default, capital structure and credit spread.

以选择权为基础的结构式模型可计算出一家公司理论的违约机率、资本结构与信用利差。

Using Basket warrants transaction data on TSEC from September 4, 1997 to June 25, 2001, the combination of four volatility models classical history volatility,Parkinson's(1980 high, low history volatility model,Garman and Klass's(1980) high, low, opening, closing history volatility model,Trippi's(1977) equal weights implied volatility model with two pricing models Black and Sholes's(1973 option pricing model, henceforth BS pricing model,Chen and Cheng's(2000) basket option pricing model, henceforth CC pricing model are discussed on valuation performance to obtain superior basket warrant pricing model.

摘要本文利用1997年9月4日至2001年6月26日间在台湾证券交易所发行且已到期的组合型认购权证，使用四种波动性估计模型历史波动性模型，Parkinson(1980的最高，最低价历史波动性模型，Garman and Klass(1980)的最高，最低，开盘，收盘价历史波动性模型，Trippi(1977)的等加权平均隐含波动性模型与Black and Sholes(1973)选择权评价模式，陈松男与郑翔尹(2000)的组合型权证评价模式配对成八种评价模式，并比较其评价绩效，冀期能得到一较佳的组合型认购权证评价模式。

Using Basket warrants transaction data on TSEC from September 4, 1997 to June 25, 2001, the combination of five volatility models classical history volatility; Parkinson's(1980 high, low history volatility model; Garman and Klass's(1980) high, low, opening, closing history volatility model; Trippi's(1977) equal weights implied volatility model; Bollerslev's(1986)GARCH volatility model with two pricing models Black and Sholes's(1973 option pricing model, henceforth BS pricing model; Chen and Cheng's(2000) basket option pricing model, henceforth CC pricing model are discussed on valuation performance to obtain superior basket warrants pricing model.

本文利用1997年9月4日至2001年6月26日间在台湾证券交易所发行且已到期的组合型认购权证，使用五种波动性估计模型历史波动性模型、Parkinson(1980的最高、最低价历史波动性模型、Garman and Klass(1980)的最高、最低、开盘、收盘价历史波动性模型、Trippi(1977)的等加权平均隐含波动性模型、Bollerslev(1986)的GARCH波动性模型与Black and Sholes(1973)选择权评价模式、陈松男与郑翔尹(2000)的组合型认购权证评价模型(CC组合型认购权证评价模型)配对成十种评价模型，并比较其评价绩效，冀期能得到一较佳的组合型认购权证评价模型。

China has given all its other firms the option of complying with them "voluntarily"—a word with many shades of meaning.

中国给予其他公司&自愿&服从这些标准的选择权---&自愿&是个含意丰富的词。

But schools will now have the option to teach other tongues — and inner-city comprehensives with a large number of ethnic pupils are among those expected to make the switch.

然而，现在学校将会有教授其他语言的选择权—而那些市中心的，有大量其它种族学生的包容性学校，被期待迈出第一步。

In practice, however, most contracts are based on the extrema of prices sampled at a finite set of fixed dates.

然而，在实务上，许多回顾型选择权契约的订定都是依照每日、每周、或是每礼拜的收盘价作为回顾的观察时点，并非连续的观察时点。

Obviously, these strategic selections and management flexibilities are valuable, and they would influence the whole values of hotel investment projects.

显然，这种战略选择权和管理灵活性都是具有价值的，它们对整个酒店项目的价值会产生影响。

Will the abandon option value of ancillary business of BOT be influenced by the principal parts of the project?

二、BOT附属事业的放弃选择权是否受主体事业的经营绩效所影响？

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了