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权证行权若干问题之思考 被引量:2
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作者 谢兵华 林志毅 《证券市场导报》 北大核心 2005年第9期34-37,共4页
本文首先结合权证行权适用条件及权证价格有关影响因素,对权证行权时间选择的一般情形做出分析。在比较港台地区及内地市场权证的行权交收期,并结合权证发行人和投资者的利益以及行权需求对行权效率的选择进行分析的基础上,本文对国内... 本文首先结合权证行权适用条件及权证价格有关影响因素,对权证行权时间选择的一般情形做出分析。在比较港台地区及内地市场权证的行权交收期,并结合权证发行人和投资者的利益以及行权需求对行权效率的选择进行分析的基础上,本文对国内目前的行权制度提出了相关建议。 展开更多
关键词 权证 交收期 行权价格调整
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The Optimal Time for Harvesting the Seeds of Gui 39722, the Female Parent of a Maize Hybrid Guidan 0810
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作者 苏义成 文仁来 +5 位作者 田树云 苏月贵 何静丹 滕辉升 何雪银 杨萌 《Agricultural Science & Technology》 CAS 2017年第6期993-998,共6页
To determine the optimal time for harvesting the seeds of Gui 39722, which is the female parent of a newly-developed maize hybrid Guidan 0810, the cobs of Gui 39722 were harvested 31 (the first stage), 34 (the seco... To determine the optimal time for harvesting the seeds of Gui 39722, which is the female parent of a newly-developed maize hybrid Guidan 0810, the cobs of Gui 39722 were harvested 31 (the first stage), 34 (the second stage), 37 (the third stage), 40 (the fourth stage), 43 (the fifth stage) and 46 (the sixth stage) d after pollination and oven dried at 38 ~C to constant weight. Then, the 1 000-ker- nel weight, germination rate and the agronomic traits of three-leaf seedlings were measured and compared. The results showed that the seeds of Gui 39722 harvest- ed 43 d after pollination (the fifth stage) had the greatest germination rate, seedling height, vigor index, root dry weight, shoot dry weight and germination potential, and high 1 000-kernel weight (very close to the highest level), root length, number of roots per seedling and root-shoot ratio. Therefore, 43 d after pollination was the op- timal time for harvesting the seeds of Gui 39722, when the effective accumulated temperature after pollination reached 780.7 ℃ and the ear leaf dried. The seeds harvested at this stage had the highest yield and the best quality. Field sampling revealed that 89.00% to 95.00% (with an average of 91.15%) of the seedlings of six stages of seeds grew well. 展开更多
关键词 MAIZE Hybrid Guidan 0810 Female parent Gui 39722 Harvesting time Seed vigor
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Convergence and optimality of BS-type discrete hedging strategy under stochastic interest rate 被引量:1
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作者 HE JiFeng WU Lan 《Science China Mathematics》 SCIE 2011年第7期1457-1478,共22页
We focus on the asymptotic convergence behavior of the hedging errors of European stock option due to discrete hedging under stochastic interest rates. There are two kinds of BS-type discrete hedging differ in hedging... We focus on the asymptotic convergence behavior of the hedging errors of European stock option due to discrete hedging under stochastic interest rates. There are two kinds of BS-type discrete hedging differ in hedging instruments: one is the portfolio of underlying stock, zero coupon bond, and the money market account (Strategy BSI); the other is the underlying stock, zero coupon bond (Strategy BSII). Similar to the results of the deterministic interest rate case, we show that convergence speed of the discounted hedging errors is 1/2-order of trading frequency for both strategies. Then, we prove each of the BS-type strategy is not only locally optimal, but also globally optimal under the corresponding measure. Finally, we give some numerical examples to illustrate the results. All the discussion is based on non-arbitrage condition and zero transaction cost. 展开更多
关键词 discrete time hedging delta hedging stochastic interest rate
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