无风险资产（risk-free asset)

A、the risk of the financing instruments used to fund the project （项目融资工具的风险）

B、the risk of the project's cash flows （项目现金流量的风险）

C、a risk-free rate （无风险利率）

D、a historical risk rate using T-bills （使用国库券的历史风险率）

A.市场上股价被低估，应该要买入

B.市场上股价被低估，应该要放空

C.市场上股价被高估，应该要买入

D.市场上股价被高估，应该要放空

1.翻译 At each node: Upper value = Underlying Asset Price Lower value = Option Price Values in red are a result of early exercise. Strike price = 100 Discount factor per step = 0.9980 Time step, dt = 0.1000 years, 36.50 days Growth factor per step, a = 1.0020 Probability of up move, p = 0.4868 Up step size, u = 1.0995 Down step size, d = 0.9095 Volatility (% per year): Risk-Free Rate (% per year): Dividend Yield (% per yer): 2.已知股票价格60，波动率30%，协议价格50，无风险利率5%，期限两年，使用五步二叉树模型求美式看跌期权的价格，问是否可以提前执行，如果可以提前执行的价格多少。

The writer mentioned "slaughterhouses" because these were the places in which

A．Ford's assembly line originated

B．he made ears

C．he innovated the assembly line

D．he innovated the disassembly line

A.Register 机制

B.BSR/RP 机制

C.Asse此 机制

D.Join/Prune 机制

(b) What are the advantages and disadvantages of using a balanced scorecard to better assess the overall

performance of Lawson Engineering？ (8 marks)

In credit mix, tenor refers to ______.

A．term of loan

B．term structure of loan

C．term of asset

D．term structure of asset

What suggestion did Christine Blower give in order to relieve teachers' stress？

A．Stop assessing teachers by test scores.

B．Cut the unnecessary official procedures.

C．Make the governmental targets achievable.

D．Provide psychological counseling.

A.0

B.1

C.-1

D.0.5