风险溢价

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。

Investors charge a big premium to hold Greek and Irish bonds; the yield gap with Bunds has widened in the crisis. That partly reflects rising fears of default.

投资者收取高额的希腊和爱尔兰国债溢价，在危机中与德国国债的收益率差加大，该图部分反映了对违约风险日益增长的担忧。

Finally the investment in the course of convertible bond investment is studied. There is evidence that the market behavior of convertible bonds is much better than the stocks and bonds. Owing to the inconsistency of the price change between the stock and the convertible bond, by analyzing the change of conversion premium rate, the arbitrage can be realized in incomplete market. But investors must bear the price risk due to the trade system.

最后论文对可转换债券投资过程中的投资活动进行了研究，实证发现可转换债券的市场表现优于债券和股票；同时基于股价与可转换债券价格的变化不一致性，通过分析可转换债券的转换溢价率的变化，在无卖空市场中同样可以进行套利，只是投资者要承担由于交易制度造成的价格风险。

In acquisition, the synergy is closed related to the risk of payment premium.

在公司并购过程中协同效应的产生和溢价支付的风险关系密切。

They weren't aggressive, but I yelled and threw a rock in their direction to get them off the trail and away from me, just in case.

他们没有侵略性，但我大喊，并在他们的方向扔石头让他们过的线索，远离我，以防万一。

In slot 2 in your bag put wrapping paper, quantity does not matter in this case.

在你的书包里槽2把包装纸、数量无关紧要。