资本市场中货币时间价值公式新义

在证券和金融市场上，投资者的买进和卖出可以在瞬间完成，因此，有关时间价值的计算也不同于常规情况下的货币时间价值计算方法。为此，笔者拟借鉴国际惯例中有关价值计算方法──连续复利法并将之应用于资本市场中。

The trade of investors buy-in and sell-out can accomplish immidiately in security and financial market, therefore, the calculat ing of related time-value is not the same as that of time-value of monetory unde r general condition. Thus, the writer suggests a new value-calculating method(co ntinuously compounded rate)according to international routing and applies it in capital market.