5. 1 The Government Bond Market 5.1.1 when the government runs a deficit, it has to get the funds. There are three ways for the government to get funds

An alternative to the NPV Rule for Capital Investments Define stochastic processes for the key underlying variables and use risk- neutral valuation This approach (known as the real options approach) is likely to do a better job at valuing growth options, abandonment options, etc than NPV

Application of MR2T2 algorithm in statistical mechanics Canonical ensemble: Distribution function: p(rN)=exp(-E(rN)/KT)/Q Q= JdrN exp(-E(rN)/kT) Different states of the Markov chain: In the application of Metropolis algorithm to a simulation of molecular system, the states of the Markov chain correspond to different configurations of the molecular system

外研版（三起）（2012）小学英语六年级下册Module 10 Unit 1 We're going to different schools.Module 10 Unit 1 We're going to different schools.课件(9)

Types of options A call is an option to buy A put is an option to sell A European option can be exercised only at the end of its life An American option can be exercised at any time

Nature of Swaps A swap is an agreement to exchange cash flows at specified future times according to certain specified rules Options, Futures, and Other Derivatives, 5th edition 2002 by John C. Hull

Long Short Hedges A long futures hedge is appropriate when you know you will purchase an asset in the future and want to lock in the price A short futures hedge is appropriate when you know you will sell an asset in the future want to lock in the price

外研版（三起）（2012）小学英语六年级下册Module 10 Unit 1 We're going to different schools.Module 10 Unit 1 We're going to different schools.课件

Planning is a process that managers use to identify and select appropriate goals and courses of action for an organization. The cluster of decisions in actions that managers take to help an organization attain its goals is its strategy. 计划是管理者确立组织目标及所采取行 动的过程。计划包括定义组织目标,制 定全局战略以实现这些目标的活动

管理是什么? Management is the act of managing a business or money, a skill in dealing with a person;The management refers to the process of getting activities completed efficiently and effectively with and through other people; Management plans, organizes,leads, controls resources to achieve organizational goals efficiently. 管理是设计一种环境,使人在此环境里 高效地完成既定目标的过程