查询词典 black market

With their early roots planted in the Black Market club events of Glasgow, the veteran pair of Slam have long since figured out what the clubber knows and wants—their productions boast this same mastery of pleasure whilst pushing things forward.

或许正是由于早期在格拉斯哥的Black Market俱乐部内不断进行音乐表演的经历，对于Slam乐队的两位成员来说，他们深谙当今俱乐部乐迷的思想与需求，也正是本着迎合乐迷们的目的，他们的音乐在保证音乐娱乐性的同时也逐步推进整个舞曲行业的进步。

Chapter 3 is the relative theory of the financial market: the knowledge of discrete time model and Black-Scholes model, etc.

第三章金融市场的有关理论：介绍离散时间模型、Black-Scholes模型等知识。

Based on modern option pricing theories,Black-Scholes and Merton option pricing model are used to study the pricing of the structured products,and its design,characteristics and risk are studied respectively.Based on Black-Scholes and Merton option pricing models,I also use the checking method to estimate the parameters of the model following real prices data,And calculate the theoretical price.Then,I compare the real and theoretical prices of the two pricing models.The results show that the effects of the Merton option pricing model are superior to the Black-Scholes option pricing model.Moreover,It shows that Hong Kong stock prices are also affected by the instant messages,and the jump phenomenon may exist in Hong Kong stock market.

本文以香港衍生品市场上三种主要结构性产品结构性票据、牛熊证和衍生权证为例，探讨了结构性产品的设计、特点、风险和定价，以现代期权定价理论为基础，以B-S和Merton两种期权定价为基础，根据市场价格经过校验得出模型隐含的参数，编程计算出两种定价模型下的理论价格，并将其实际价格和理论价格进行了比较，结果显示：Merton定价模型的效果要优于Black-scholes定价模型，说明香港市场的股票价格也可能受即时信息的影响，存在跳跃现象。

Such as Markowitz"s modern assets portfolio theory, Sharp, Minter and Mossin"s Capital Assets Price Model; Ross"s Arbitrage Pricing Theory; Black-Scholes"s the option of fixes the price classical capital market theories. They are all based on EMH.

例如马克维兹现代资产组合理论，Sharp、Minter、Mossin的资本资产定价模型，罗斯的套利定价理论，Black-Scholes的期权定价公式等经典资本市场理论，都是以有效市场假设为前提的或者与之有密切的联系。

The theatrical foundation of this paper is option pricing model. This paper focuses on the Black-Scholes model, details the basic postulation, principle and pricing formula. And it is pointed out that the postulation that volatility is constant can't reflect the varying market volatility. Violation of this postulation will lead to biased pricing results.

期权定价模型是本文分析的理论基础，文中以Black-Scholes模型为主，分析了期权定价模型的基本假设、原理与定价公式，指出波动率为常数的假设不能反映市场波动率的变化状况，对该假设的违背将使定价结果产生偏差，因此，波动率在期权定价中有重要的作用。

This paper will assume that there are effective stock market and effective executive market, and the basic hypothesises in Black-Scholes Stock Options Pricing Model are correct. We will discuss the optimal repricing scheme under three situations, one is that the board of the company considers repricing when the price declines straightly ; the second is at the beginning of stock life,the board promises to reprice under some conditions at a certain coming time; the third is when some condition happens at an uncertain coming time, the board promises to reprice the ESO.

本文在有有效的股票市场，也有有效的经理人市场，Black-Scholes期权定价模型中的基本假设是正确的条件下，分别讨论了公司的董事会在股价持续下跌时考虑重新定价、在授予经理人期权的时候就承诺在未来某一确定时刻一定条件下可以进行重新定价和未来不确定时刻一定条件下可以进行重新定价三种情况下的最优重新定价问题。

The next day when Michelle went on The View she wore a black-and-white dress from White House Black Market.

第二天，米歇尔参加电视节目The View 时穿的是一条购自服装零售商White House Black Market的黑白花裙子。

In both English and Chinese, there are various terms indicating that black is often associated with negative qualities: blacklist, black market, black-hearted and a number of others.

相反，in the red 则表示公司经营不善，出现赤字--这种用法应该是源于会计上的账簿，如果是亏空，在账簿上反映出来就是用红颜色填写。

Some of famous scholars focused on evaluation model known as "Black and Scholes option evaluation model" which was established by Fisher Black and Myron Sholes in 1973. Option evaluation is no doubt very important to trader but how to make capital gain through put-call strategy is more concerned.We examined if we can make profit by the evaluation model of option and spot to research Taiwan option market merely through strategy implementation.

有的学者著重于评价模式之建立，如Fisher Black与Myron Scholes於1973年，提出所谓的&Black and Scholes选择权订价模型&交易人对於选择权评价的方式虽然重视，但是他们更想知道的事如何运用选择权的买卖策略来获取资本利得，但在相关研究上，对於此领域的研究却不是很完善，所以本文将对选择权与现货标的的评价方式透过策略的运用，重新评价，以台湾选择权市场为研究物件，仅就策略性操作是否有其获利模式进行研究。

International trade gray market black market white market

国际贸易；灰市场；黑市场；白市场

I use an example quoted by Hu Jiaqi:"It is reported that America separates the DNA of a kind of virus by making use of genetic technology and combines it with another kind of DNA. Finally, they get a kind of virulent biological agent called a "pyrotoxin". Someone discloses in private that 20 grams of such a kind of biological agent could result in the global death of 6 billion people due to infection."

我在这里例举胡家奇所引用过的例子："据报道，美国利用转基因技术，将一种病毒的DNA分离出来，与另外一种DNA进行结合，拼结成一种剧毒的"热毒素"生物战剂，且私下有人透露，这种生物战剂只需20克，就可以导致全球60亿人全部感染死亡。"

Waiting, for the queers and the coons and the Reds and the Jews.

等待着疯子和黑人还有红色共产主义者还有犹太人