第一节 货 币 均 衡 第二节 我国理论界对货币均衡的探讨 第三节 货币的对外均衡：国际收支平衡

期权定价中的难点 一、债券和股票的估价:贴现现金流 二、期权的估价

1.实际年利率 APR EAR=1+ 2.年金现值 CC 1 Pv r(1+r) -(+)

6.1风险与收益 6.2风险管理简介 6.3分散化与投资组合选择 6.4资本资产定价模型(CAPM) 6.5套利定价理论(APT)

The present value of f100 received five years from now is ￡62.09 +0.10) b. The present value of f1000 received 60 years from now is

1 a) Buy IBX stock in Tokyo and simultaneously sell them in NY, and your arbitrage profit is $2 per share. b)The prices will converge. c)Instead of the prices becoming exactly equal, there can remain 1%% discrepancy between

Question 1 a. Expected returns Return on Return on State of the Economy Probability Security I Security II

1.给定如下两种证券的信息:

Chapter 4 Contents Compounding Perpetual Annuities Frequency of Compounding Loan Amortization Present Value and Exchange Rates and Time Discounting Value of Money Alternative Discounted Inflation and Discounted Cash Flow Decision Rules Cash Flow Analysis Multiple Cash Flows Taxes and Investment Annuities

Chapter 15 Contents How Options Work Investing with Options The Put-Call Parity Relationship Volatility Option Prices Two-State Option Pricing Dynamic Replication the Binomial Model The Black-Scholes model Implied Volatility