bond pricing 中文意思是什麼

bond pricing 解釋
債券計價
  • bond : n 1 結合（物），結合力，黏合（劑），聯結。2 束縛，羈絆； 〈pl 〉 拘束；鐐，銬。3 契約，契約義務，...
  • pricing : 報價模式的案例練習
  1. Theories on bond pricing include classical interest rate theory, liquidity preference theory, loanable fund theory and reasonable expectation theory

    摘要債券價格的決定理論主要有古典利率理論、流動偏好理論、可貸資金理論和理性預期理論。
  2. Research on the application of exponential spline function to the pricing of zero - coupon bond

    指數樣條函數在零息票債券定價中的應用
  3. Finally, we regard zhaohang convertible bond as demonstrable object, give typical model and pricing result. compared with actual price in the market, we discover the educed conclusion is very good, lastly, we try analyzing the reason why the model can get such good result

    最後，我們在第四章中以招行轉債為實證分析對象，給出具體模型和定價結果，與市場實際價格比較，發現基於montecarlo方法的定價模型得到的結果與市場真實價格相差很小，並分析了得到較好結果的原因。
  4. In line with the theory of pricing stocks and bonds, we classify the relevant factors to three types : endogenetic factors ( value - determined ), fund - provided factors ( price - affected ), policy factors ( system - impact ). then the research on the stock market, bond one and relevance of them will be developed depending on those three levels of factors mentioned above

    基於股票和債券的定價機理，本文將相關影響因素劃分為三個層面:即具有內生性質的因素（利率、通貨膨脹率、凈資產收益率等） 、影響資金供需面的因素（貨幣供應量、固定資產投資增速等） 、政策性影響因素（重大的股市政策等） 。
  5. Through applying the three methods of term structure estimation to the construction of zero - yield curve and to the pricing of zero - bond, zero - bond option, coup bond, interest rate swap, interest rate swap option, interest rate cap, interest rate floor, forward rate agreement. comparing the calculation errors of the three methods of term structure estimation

    通過將這三種期限結構估測方法應用於零息收益曲線構造，應用於零息國債及其期權、附息債券、利率互換、利率互換期權、遠期利率協議、利率上限、利率下限等利率衍生產品價格的估測，並比較所估測結果的誤差，得出的結論是：三種期限結構估測方法會導致在計算不同利率衍生產品價格時產生差異。
  6. This paper reaches a conclusion that the three methods of term structure estimation lead to the difference of the pricing of irdp and that the cubic interpolation is the best method when these methods are applied to construction of zero - yield curve and evaluation of coup bond, zero - bond option and interest rate swap

    立方插值法在零息收益曲線的構造時以及在對附息債券、債券期權、利率互換定價時優於三次樣條插值法和線性插值法，是三種插值方法中最好的方法。
  7. In the first chapter, we narrate the characteristic of convertible bond, give some clues about development and actuality of the market and its pricing theory ; in the second chapter, we introduce modeling idea and some material problems in the model in detail, draw the yield curve which is very important to the model by spline method ; in the third chapter, we first explain the basic idea and convergent speed of monte carlo method, then, give the mathematical description for financial market, prove equivalence of non - arbitrage market, existence of risk neutral probability measure in the market and the price process of underlying asset is a martingale ; in the forth section, we introduce how to simulate stock price path by monte carlo method in detail, based on foregoing result, we prove the path is a martingale, thereby, the model is logical

    本文第一章先對可轉債的特點、市場發展和現狀及其定價理論的發展和現狀作一概述;第二章詳細介紹了建模思想和模型中的一些具體問題，利用spline方法繪出了在模型中具有重要作用的收益曲線;第三章首先敘述了montecarlo方法的基本思想和有關其收斂速度的一些性質，然後從數學的角度給出了對金融市場的描述，證明了市場無套利、市場存在風險中性概率測度及標的資產價格過程為鞅的等價性;在第四節中，對用montecarlo方法模擬的帶跳股價路徑作了詳細介紹，並利用前兩節的結論證明了模擬的帶跳股價路徑為一個鞅過程，從而保證了模型在理論上的合理性。
  8. Applying structural approach to modeling default risk, the pricing of default risk zero - coupon bond and a credit spread term structure under incomplete information is developed

    摘要運用違約風險評估的結構化建模方法，在信息不完全的情形下推導了風險零息票債券的定價公式，並得到了此時信用利差的期限結構。
  9. And then, the thesis import a thrice - polynomial technology to depict the yield curve of shanghai stork exchange market and gained the yield curve chart. under one factor model hypothesis, deduce the bond pricing formulae. based on 1945 data of buy - back rate in banking market, the thesis use ols and gmm estimation technologies to estimate the parameters of vasicek model, cir model, and ckls model, and verify which model can explain the china market ’ s short rate ’ s wave

    然後，從實證的角度，用三次多項式來擬合上交所國債收益率曲線，並得出收益率曲線圖，在單因素模型推導了動態理論期限結構下的債券定價公式，並以1945個中國銀行間債券市場7天回購利率數據作為短期利率的代表，驗證vasicek模型、 cir模型與ckls模型是否適用中國短期利率的波動行為，估計出三個模型的參數。
  10. Qingdao haier has to strengthen management in order to make the conversion successful. the paper analyzes qingdao haier ' s operation status and financial status in 2001, analyzes its competitiveness and the impact of the change of environment on it, points out the problems existing in its capital structure, forecasts its income and earning before interest and tax in 2002, and compares convertible bond with stock and bond with respect to individual capital cost, overall capital cost, differential cash flow nud earning per share, and draws the conclusion that convertible bond is the best choice for haicr. the paper continues to systematically design convertible bond for haier and evaluate the convertible bond using the option pricing model

    本論文分析了青島海爾有限公司2001年的經營狀況和財務狀況，分析了青島海爾有限公司的競爭優勢以及它所面臨的環境變化的影響，指出了青島海爾有限公司資本結構上存在的問題，然後根據公司的發展戰略及公司2001年的各種財務比率，預測公司2002年的收入及息稅前利潤，並從個別資本成本、綜合資本成本、差異現金流量和每股收益等方面對青島海爾有限公司增發新股融資、可轉換債券融資及企業債券融資三種融資方式進行了全面細致的比較分析，最終得出青島海爾有限公司以可轉換債券融資是最合適的。
  11. The fast development of china bond market boosts the research of bond. the most important issue of securlty markets is the return - - - risk relation and the retum - - - risk relation of bonds is reflected by the yield curve that describes the relation between yield to maturity ( return ) and years to maturity ( risk ), so yield curve is an important analytical tool which serves as the basis of analysis of the trend of the interest rate and bond pricing. as the foundation of bonds investment, yield curve can be used to calculate the bid rate in the first market, select bonds and predict the open quotation price in the secondary market

    證券市場最重要的問題是收益一風險的關系，而國債的收益一風險關系就體現在描述到期收益率（收益）一到期期限（風險）的國債收益率曲線上，該曲線所表示的關系就稱做利率的期限結構。因而國債收益率曲線是國債研究最重要的分析工具，它為分析利率走勢和進行市場定價提供了基本工具。而且國債收益率曲線是進行投資的重要依據，它可以為投資者在一級市場上確定國債的投標利率，在二級市場上對國債券種的選擇及預測開盤價提供依據;同時也為政府發行國債，加強國債管理、實施貨幣政策和調節利率提供參考。
  12. Finally, in consideration of volatility of both firm market value and term structure of interest rate ad the correalation between them, the thesis deduced black - scholes double - factors option pricing model. at the same time, the thesis also compared and analyzed the consistency and difference between convertible bond theoretical pricing and practical pricing, it afforded theories analysis and substantial evidence method for publisher design issue - caluses and investor make choice of investment strategy

    最後推導可轉換債券的雙因素期權定價模型，採用matlab6 . 5工程軟體對模型進行模擬計算並進行了實證分析，為發行人發行可轉換債券的條款設計和投資者選擇如何投資可轉換債券提供了理論分析和實證方法。
  13. The research of term structure of interest rates can give the pricing foundation of the capital market, and promote bond market ’ s development, enrich central bank ’ s control instruments, boost interest rate ’ s floating, advance finance institutions ’ abilities of risk control, and at last make the financial system more steady

    對利率期限結構的研究可以為市場提供定價基礎、促進債券市場的發展和完善、豐富央行調控工具和加強央行調控能力、促進利率市場化、提升金融機構的投資管理與風險控制水平，最終提升金融系統的穩定性。
  14. The most important issue of security markets is the return - risk relation and the return - risk relation of bonds is reflected by the yield curve that describes the relation between yield to maturity ( return ) and years to maturity ( risk ), so yield curve is an important analytical tool which serves as the basis of analysis of the trend of interest rate and bond pricing

    證券市場最重要的問題是收益?風險的關系，而國債的收益?風險關系就體現在描述到期收益率（收益） ?到期期限（風險）的國債收益率曲線上，因而國債收益率曲線是國債研究最重要的分析工具，它為分析利率走勢和進行市場定價提供了基本工具。
  15. At the same time, the article takes the cb ' s value into two parts : the bond ' s value and the options ' s value. it discusses the theoretic pricing model of cb on the base of black - scholes model and validates the uniform degree about guodian ' s cb between the result, which is calculated by theoretic pricing model, and actual price to provide the reference about cb ' s issue and investment

    同時，本文將可轉換債券價值分為債券價值和期權價值兩部分，在期權定價模型? ? black - scholes模型基礎上討論可轉換債券的理論定價模型，並應用於國電轉債的定價，從而驗證理論定價模型計算結果與實際的吻合程度，以提供一個可供可轉換債券發行和投資的參考。
  16. As a kind of financial derivative which has both traditional bond property and option property, convertible bonds pricing is a quite complicated problem

    作為一種既具有傳統的債券性質，又具有期權性質以及一些其它條款限制的金融衍生產品，可轉債的定價是一個相當復雜的問題。
  17. A discrete time pricing model for convertible bond under stochastic interest rate

    一類離散雙險種風險模型的破產概率
  18. According to the problem that the recovery rate is traditional treated as a constant or an independent stochastic variable by the classical credit risk pricing and management model, and problem that the negative correlation between the default probability and recovery rate is always neglected, this dissertation gets the exponential and logarithm regression models of default probablilty and recovery rate based on some empirical researches, and improves on several broadly applied credit risk models, such as structural hazard rate model, affine structure model, convertible bond pricing model and credit metrics model, and introduce the negative correlation between

    針對傳統的信用風險定價模型及信用風險管理模型將違約回收率看成是一個外生的常數或是一個獨立的隨機變量，而忽略回收率和違約概率之間的負相關性這一問題，本文應用相關實證研究得到了違約概率和回收率的指數和對數回歸模型，並對應用非常廣泛的結構化風險率模型、仿射結構模型、可轉換債券定價模型和creditmetrics模型進行了改進和拓展，在新模型中應用指數和對數函數引入了這兩個變量之間的負相關性。
  19. Although there is no real option pricing trading market all across the nation, the application of the theories will enjoy the bright future because many financial tools and businesses embody the idea of the option. the main applications include : the pricing of the company ' s financing tools, including stock, bond, convertible bond and so on ; the calculation of the proportion of liability to stock in case of changing the liability a company owes to a creditor into the stock share ; the evaluation of the value of a loan and analysis of the credit risk of loans in our country from the point of option ; and the evaluation of the effectiveness of executive stock. option and the improvement of the executive stock option

    盡管目前中國還沒有期權交易市場，但由於許多金融工具和金融業務中都包含了期權的思想，期權定價理論在我國仍有廣闊的應用前景，本文對此進行了探索。主要的應用內容有以下四方面：公司融資工具，既包括傳統融資工具股票、債券的定價，也包括新型融資工具可轉換債券和認股權證的定價；債轉股業務中比例的確定，用布萊克-斯科爾斯模型和二項分佈模型兩種方法計算；貸款業務定價，並從期權角度分析我國貸款的信用風險狀況、成因；經理人期權激勵，包括其原理、對其有效性的實證分析，並引進指數期權作為改進方法。
  20. The central purpose of this thesis is to expound the rationality and feasibility of monte carlo method in convertible bond pricing theory, then, based on idiographic data of zhaohang convertible bond, we found pricing model by monte carlo method and get conclusion

    本文的主要目的是闡述montecarlo方法在可轉債定價理論中應用的合理性和可行性，然後利用招行轉債的具體數據基於montecarlo方法建立定價模型並進行檢驗，從而得出關于模型優劣的結論。
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