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CFA考试三级模拟试题精选0402-9（附详解）1、Using the data in Exhibits 1 and Sorenson's assumption about the appropriate discount rate, the fair value of the EuroCountryX Stock Index using the Gordon growth model is closest to:【单选题】A.€3,677.B.€4,415.C.€3,595.正确答案:A答案解析:2、【单选题】A.can be used for non-USB.captures the net present value of growth investment opportunities availableC.正确答案:A答案解析:A is correct. The Fed model, although developed in the United States, can be applied to the3、Based on Seymour’s statement regarding international interest rates, as well as the data in Exhibit 3, the impact of a 100bp decline in US interest rates on the model portfolio’s value would be closest to:【单选题】A.3.41%.B.4.02%.C.4.93%.正确答案:C答案解析:The US component contributes 3.96 in duration to the portfolio (0.60 × 6.6 = 3.96); therefore, a 1% change will contribute +/–3.96% to the value of the portfolio. The German component contributes 1.56 in duration (0.4 × 3.9 = 1.56) but moves only 0.62 times the movement in US rates, thus contributing +/–0.97% to portfolio return (1.56 × 0.62 = 0.97). The total impact is +/–4.93% (3.96 + 0.97 = 4.93).4、What are the GIPS requirements for the Contrarian composite of Nigel Investment Advisors?【单选题】A.B.C.正确答案:B答案解析:Under GIPS, all fee-paying, discretionary portfolios must be included in at least one composite. There is no minimum5、【单选题】A.0.84.B.1.19.C.1.48.正确答案:A答案解析:A is correct. To execute Strategy 1, 216 contracts would have been sold three months ago on 156、【单选题】A.Fund A.B.Fund B.C.Fund C.正确答案:A答案解析:A is correct. Use of a longer measurement interval will help to lower annualized volatility estimates; illiquid assets or stale prices7、【单选题】A.disassociate from Blackmore’s activities.B.C.正确答案:A答案解析:Blackmore's use of derivatives without knowing whether they are allowed according to the Plan's IPS is a violation of Loyalty,8、Rule has worked as a portfolio manager for a large investment management firm for the past 10 years. Rule earned his CFA charter last year and has decided to open his own investment management firm. After leaving his current employer, Rule creates some marketing material for his new firm. He states in the material, “In earning the CFA charter, a highly regarded credential in the investment management industry, I further enhanced the portfolio management skills learned during my professional career. While completing the examination process in three consecutive years, I consistently received the highest possible scores on the topics of Ethics, Alternative Investments, and Portfolio Management.” Has Rule violated Standard VII(B)—Reference to CFA Institute, the CFA Designation, and the CFA Program in his marketing material?【单选题】A.Rule violated Standard VII(B) in stating that he completed the exams in three consecutive years.B.Rule violated Standard VII(B) in stating that he received the highest scores in the topics of Ethics, Alternative Investments, and Portfolio Management.C.Rule did not violate Standard VII(B).正确答案:B答案解析:Answer B is correct according to Standard VII(B)—Reference to CFA Institute, the CFA Designation, and the CFA Program. CFA Program candidates do not receive their actual scores on the exam. Topic and subtopic results are grouped into three broad categories, and the exam is graded only as “pass” or “fail.” Although a candidate may have achieved a topical score of “above 70%,” she or he cannot factually state that she or he received the highest possible score because that information is not reported. Thus, answer C is incorrect. Answer A is incorrect as long as the member or candidate actually completed the examsconsecutively. Standard VII(B) does not prohibit the communication of factual information about completing the CFA Program in three consecutive years.9、【单选题】A.No, because additional holdings data are requiredB.YesC.No, because additional index data are required正确答案:A答案解析:Holdings data are required to create a style box and interpret the results. Gatchell is given the styles and the assets under management but not each individual investment or holding that each investment manager has selected.10、Grey’s statement regarding the impact of RiteVal’s inflation scenario is most likely:【单选题】A.correct.B.incorrect because of his comment about real estate.C.incorrect because of his comment about equities.正确答案:B答案解析:In deflation, real estate experiences downward pricing pressure (negative) and bonds benefit from improving purchasing power (positive). Therefore, Grey’s comment about real estate is incorrect. In equilibrium, inflation at or below expectations is a positive for equities. The comment about equities is correct.。
gauge pressure （表压力）mach number （马赫数）X component （X分量）Turbulence Specification Method（湍流指定方法）Turbulence Intensity and Hydraulic Diameter（湍流强度和水利直径）Intensity and viscosity ratio 湍流强度和粘度比Mean Mixture Fraction（平均混合物分数）：燃料混合物（包括惰性成分）与氧化剂（包括惰性成分）的质量比Turbulence Length Scale：湍流尺度；Volume Fraction：体积分数；Under-Relaxation Factors：松弛因子；vector：介质，矢量；optical thickness：光学厚度；Second Order Upwind：二阶精度；adiabatic：绝热；Coordinate：坐标Internal Emissivity：内部发射率；Mixture Parameters：混合参数；Slip Velocity：滑动速度；Interaction with Continuous Phase：相互作用的连续相；mean diameter：平均直径；Continuous Phase Iterations：连续相位迭代；Tracking Paramete：追踪主要技术参数；Particle Radiation Interaction：粒子辐射的相互作用；Spread Parameter：传播参数；Stochastic Model：随机模型；Stochastic tracking：随机跟踪；Binary Diffusivity:扩散系数discrete random walk model：离散随机游走模型；thermal conductivity：导热系数；Absorption Coefficient：吸收系数；Injection Properties：射入流属性；Vaporization Temperature：汽化温度；Particle Emissivity：粒子发射；Swelling Coefficient：膨胀系数；normal to boundary：垂直于边界；Granular 粒状FLUENT专业英语【全】Aabort 异常中断, 中途失败, 夭折, 流产, 发育不全，中止计划[任务] accidentally 偶然地, 意外地accretion 增长activation energy 活化能active center 活性中心addition 增加adjacent 相邻的aerosol浮质(气体中的悬浮微粒,如烟,雾等), [化]气溶胶, 气雾剂, 烟雾剂ambient 周围的, 周围环境amines 胺amplitude 广阔, 丰富, 振幅, 物理学名词annular 环流的algebraic stress model(ASM) 代数应力模型algorithm 算法align 排列，使结盟, 使成一行alternately 轮流地analogy 模拟，效仿analytical solution 解析解anisotropic 各向异性的anthracite 无烟煤apparent 显然的, 外观上的，近似的approximation 近似arsenic 砷酸盐assembly 装配associate 联合，联系assume 假设assumption 假设atomization 雾化axial 轴向的Bbattlement 城垛式biography 经历bituminous coal 烟煤blow-off water 排污水blowing devices 鼓风(吹风)装置body force 体积力boiler plant 锅炉装置（车间）Boltzmann 玻耳兹曼Brownian rotation 布朗转动bulk 庞大的bulk density 堆积密度burner assembly 燃烧器组件burnout 燃尽capability 性能，（实际）能力，容量，接受力carbon monoxide COcarbonate 碳酸盐carry-over loss 飞灰损失Cartesian 迪卡尔坐标的casing 箱，壳，套catalisis 催化channeled 有沟的，有缝的char 焦炭、炭circulation circuit 循环回路circumferential velocity 圆周速度clinkering 熔渣clipped 截尾的clipped Gaussian distribution 截尾高斯分布closure (模型的)封闭cloud of particles 颗粒云cluster 颗粒团coal off-gas 煤的挥发气体coarse 粗糙的coarse grid 疏网格，粗网格coaxial 同轴的coefficient of restitution 回弹系数；恢复系数coke 碳collision 碰撞competence 能力competing process 同时发生影响的competing-reactions submodel 平行反应子模型component 部分分量composition 成分cone shape 圆锥体形状configuration 布置，构造confined flames 有界燃烧confirmation 证实, 确认, 批准conservation 守恒不灭conservation equation 守恒方程conserved scalars 守恒标量considerably 相当地consume 消耗contact angle 接触角contamination 污染contingency 偶然, 可能性, 意外事故, 可能发生的附带事件continuum 连续体converged 收敛的conveyer 输运机convolve 卷cooling wall 水冷壁correlation 关联(式)correlation function 相关函数corrosion 腐蚀，锈coupling 联结, 接合, 耦合crack 裂缝，裂纹creep up （水）渗上来，蠕升critical 临界critically 精密地cross-correlation 互关联cumulative 累积的curtain wall 护墙，幕墙curve 曲线custom 习惯, 风俗, <动词单用>海关, (封建制度下)定期服劳役, 缴纳租税, 自定义, <偶用作>关税v.定制, 承接定做活的cyano 氰（基），深蓝，青色cyclone 旋风子，旋风，旋风筒cyclone separator 旋风分离器[除尘器]cylindrical 柱坐标的cylindrical coordinate 柱坐标dead zones 死区decompose 分解decouple 解藕的defy 使成为不可能demography 统计deposition 沉积derivative with respect to 对…的导数derivation 引出, 来历, 出处, (语言)语源, 词源design cycle 设计流程desposit 积灰，结垢deterministic approach 确定轨道模型deterministic 宿命的deviation 偏差devoid 缺乏devolatilization 析出挥发分，液化作用diffusion 扩散diffusivity 扩散系数digonal 二角(的), 对角的，二维的dilute 稀的diminish 减少direct numerical simulation 直接数值模拟discharge 释放discrete 离散的discrete phase 分散相, 不连续相discretization [数]离散化deselect 取消选定dispersion 弥散dissector 扩流锥dissociate thermally 热分解dissociation 分裂dissipation 消散, 分散, 挥霍, 浪费, 消遣, 放荡, 狂饮distribution of air 布风divide 除以dot line 虚线drag coefficient 牵引系数，阻力系数drag and drop 拖放drag force 曳力drift velocity 漂移速度driving force 驱[传, 主]动力droplet 液滴drum 锅筒dry-bottom-furnace 固态排渣炉dry-bottom 冷灰斗，固态排渣duct 管dump 渣坑dust-air mixture 一次风EBU---Eddy break up 漩涡破碎模型eddy 涡旋effluent 废气，流出物elastic 弹性的electro-staic precipitators 静电除尘器emanate 散发, 发出, 发源，[罕]发散, 放射embrasure 喷口，枪眼emissivity [物]发射率empirical 经验的endothermic reaction 吸热反应enhance 增，涨enlarge 扩大ensemble 组，群，全体enthalpy 焓entity 实体entrain 携带，夹带entrained-bed 携带床equilibrate 保持平衡equilibrium 化学平衡ESCIMO-----Engulfment（卷吞） Stretching（拉伸） Coherence（粘附） In terdiffusion-interaction（相互扩散和化学反应） Moving-observer（运动观察者）exhaust 用尽, 耗尽, 抽完, 使精疲力尽排气排气装置用不完的, 不会枯竭的exit 出口，排气管exothermic reaction 放热反应expenditure 支出，经费expertise 经验explicitly 明白地, 明确地extinction 熄灭的extract 抽出，提取evaluation 评价，估计，赋值evaporation 蒸发(作用)Eulerian approach 欧拉法facilitate 推动，促进factor 把…分解fast chemistry 快速化学反应fate 天数, 命运, 运气，注定, 送命，最终结果feasible 可行的，可能的feed pump 给水泵feedstock 填料fine grid 密网格，细网格finite difference approximation 有限差分法flamelet 小火焰单元flame stability 火焰稳定性flow pattern 流型fluctuating velocity 脉动速度fluctuation 脉动，波动flue 烟道（气）flue duck 烟道fluoride 氟化物fold 夹层块forced-and-induced draft fan 鼓引风机forestall 防止fouling 沾污fraction 碎片部分，百分比fragmentation 破碎fuel-lean flamefuel-rich regions 富燃料区，浓燃料区fuse 熔化，熔融gas duct 烟道gas-tight 烟气密封gasification 气化(作用)gasifier 气化器generalized model 通用模型Gibbs function Method 吉布斯函数法Gordon 戈登governing equation 控制方程gradient 梯度graphics 图gross efficiency 总效率hazard 危险header 联箱helically 螺旋形地heterogeneous 异相的heat flux 热流(密度)heat regeneration 再热器heat retention coeff 保热系数histogram 柱状图homogeneous 同相的、均相的hopper 漏斗horizontally 卧式的，水平的hydrodynamic drag 流体动力阻力hydrostatic pressure 静压hypothesis 假设humidity 湿气，湿度，水分含量identical 同一的，完全相同的ignition 着火illustrate 图解，插图in common with 和…一样in excess of 超过, 较...为多in recognition of 承认…而，按照in terms of 根据, 按照, 用...的话, 在...方面incandescent 白炽的，光亮的inception 起初induced-draft fan 强制引风机inert 无活动的, 惰性的, 迟钝的inert atmosphere 惰性气氛inertia 惯性, 惯量inflammability 可燃性injection 引入，吸引inleakage 漏风量inlet 入口inlet vent 入烟口instantaneous reaction rate 瞬时反应速率instantaneous velocity 瞬时速度instruction 指示, 用法说明(书), 教育, 指导, 指令intake fan 进气风扇integral time 积分时间integration 积分interface 接触面intermediate 中间的，介质intermediate species 中间组分intermittency model of turbulence 湍流间歇模型intermixing 混合intersect 横断，相交interval 间隔intrinsic 内在的inverse proportion 反比irreverse 不可逆的irreversible 不可逆的，单向的isothermal 等温的, 等温线的,等温线isotropic 各向同性的joint 连接justify 认为Kelvin 绝对温度，开氏温度kinematic viscosity 动粘滞率, 动粘度kinetics 动力学Lagrangian approach 拉格朗日法laminarization 层流化的Laminar 层流Laminar Flamelet Concept 层流小火焰概念large-eddy simulation (LES) 大涡模拟leak 泄漏length scale 湍流长度尺度liberate 释放lifetime 持续时间，（使用）寿命，使用期literature 文学(作品), 文艺, 著作, 文献lining 炉衬localized 狭小的logarithm [数] 对数Low Reynolds Number Modeling Method 低雷诺数模型macropore 大孔隙(直径大于1000埃的孔隙)manipulation 处理, 操作, 操纵, 被操纵mass action 质量作用mass flowrate 质量流率Mcbride 麦克布利德mean free paths 平均自由行程mean velocity 平均速度meaningful 意味深长的，有意义的medium 均匀介质mercury porosimetery 水银测孔计, 水银孔率计mill 磨碎，碾碎mineral matter 矿物质mixture fraction 混合分数modal 众数的，形式的, 样式的, 形态上的, 情态的, 语气的[计](对话框等)模式的modulus 系数, 模数moisture 水分，潮湿度molar 质量的, [化][物]摩尔的moment 力矩，矩，动差momentum 动量momentum transfer 动量传递monobloc 单元机组monobloc units 单组mortar 泥灰浆mount 安装，衬底Monte Carlo methods 蒙特卡罗法multiflux radiation model 多(4/6)通量模型multivariate [统][数]多变量的,多元的negative 负Newton-Rephson 牛顿—雷夫森nitric oxide NO2node 节点non-linear 非线性的numerical control 数字控制numerical simulation 数值模拟table look-up scheme 查表法tabulate 列表tangential 切向的tangentially 切线tilting 摆动the heat power of furnace 热负荷the state-of-the-art 现状thermal effect 反应热thermodynamic 热力学thermophoresis 热迁移，热泳threshold 开始, 开端, 极限tortuosity 扭转, 曲折, 弯曲toxic 有毒的，毒的trajectory 轨迹,弹道tracer 追踪者, 描图者, (铁笔等)绘图工具translatory 平移的transport coefficients 输运系数transverse 横向，横线triatomic 三原子的turbulence intensity 湍流强度turbulent 湍流turbulent burner 旋流燃烧器turbulization 涡流turnaround 完成two-scroll burner 双涡流燃烧器unimodal [统](频率曲线或分布)单峰的,(现象或性质) 用单峰分布描述的validate 使…证实validation 验证vaporization 汽化Variable 变量variance 方差variant 不同的，变量variation 变更, 变化, 变异, 变种, [音]变奏, 变调vertical 垂直的virtual mass 虚质量viscosity 粘度visualization 可视化volatile 易挥发性的volume fraction 体积分数, 体积分率, 容积率volume heat 容积热vortex burner 旋流式燃烧器vorticity 旋量wall-function method 壁面函数法water equivalent 水当量weighting factor 权重因数unity （数学）一uniform 不均匀unrealistic 不切实际的, 不现实的Zeldovich 氮的氧化成一氧化氮的过程zero mean 零平均值zone method 区域法。
ABC1 社交等级abnormal return 异常回报absolute return 绝对回报acceptances 认购accepting house 承兑商行accounting rate of return ARR会计收益率accounting standards 会计尺度accrual principle 权责发生制accruals 应付款项accrued interest 应计利息，待付利息acid test ratio 酸性测试比率acquisition 收购acquisitive growth 收购增长active investing 积极投资activist shareholder 维权股东actuary 保险精算师adjusted EPS 调整后每股收益adjusted operating profit 调整后营运利润adjusted present value 调整后净现值administrative receivership 接管人adverse opinion 否认定见adverse selection 〔保险业〕反向选择advertising elasticity 广告弹性advisory broking 咨询经纪affinity fraud 关联欺诈行为agency cross 交叉代办署理agency theory 代办署理理论algorithmic trading 算法交易all or nothing order 最低限量交易allotment 分配alpha fund 阿尔法基金alternative investments 另类投资American options 美式期权annual effective rate AER 实际年利率annual general meeting 年度股东大会annual report 年度陈述annuity 年金arbitrage 套利arbitrage pricing theory APT套利订价理论arbitraguer 套利者arithmetic mean 算术平均值asset allocation 资产配置asset backed securities ABS资产典质证券asset stripping 资产拆卖asset turnover 资产周转率assets disposal 资产措置assets restructuring 资产重组assets under management AUM 办理资产规模，办理资产额associated company 联营公司assurance 〔对必然发生之事如人寿〕保险At the money 平价期权，等价期权audit opinion 审计定见automated trading system 自动交易系统available seat kilometers ASK 可售座位公里available tonne kilometers 〔航空公司〕可操纵吨公里average cost 平均本钱average down 〔向下〕摊平，均值下移average revenue per user ARPU平均每用户收入average up 向上摊平back office 后勤部分back testing 回溯测试backfill bias 回填偏差backward integration 后向一体化backwardation 现货溢价bad news 利空动静bancasurance 银行保险Barrel of Oil Equivalent BOE油当量桶barrier options 障碍期权barrier to entry 进入壁垒basic earning per share 根本每股收益basis point 基点basis risk 基差风险bear raid 空头袭击bear sqeeze 空仓压力，空头轧平bear trap 空头陷阱bearer securities 不记名证券behavioral finance 行为金融学benchmarking 基准化阐发方法BMKbeneficial owner 受益所有人beta 贝塔系数，评估证券系统风险性的东西bid price 买房价格bid-offer spread 买卖价差billion barrels of oil equivalent BBOE亿桶油当量binary options 二元期权，固定收益期权FRO，数字期权DO black swan 黑天鹅效应blue chip 蓝筹股bond duration 债券存续期，久期，持续期bonus issue 红股book to bill ratio 订货出货比book value 账面价值bottom fishing 抄底boutique 小型投资银行brand dilution 品牌淡化brand extention 品牌延伸break even 出入相抵brent crude 布伦特原油building society 典质银行bulge bracket 大型投资银行bull run 牛市bulldog bond 猛犬债券〔非英国企业在伦敦发行的债券〕bullet bond 一次性归还债券，最普通的债券vanilla bond bundling 绑缚发卖buy and hold 买入并持有buy in management buy out BIMBO内部外部办理者联合收购buy-side analyst 买方阐发师cable 英镑同美元兑换比例称为cable call auction 调集竞价call options 看涨期权cannibalism 〔企业几个部分内部〕自我竞争capex capital expenditure 本钱支出capital adequacy 本钱充沛率capital asset pricing model CAPM本钱资产计价模型capital gains 本钱回报率capital reduction 减资capitalisation issue, scrip issue 资金股本化carried interest 附带权益carry trade 利差交易cash conversion cycle 现金周转周期cash cost 现金本钱cash flow per share 每股现金流cash shell 空壳公司cashflow statement 现金流量表catastrophe bonds 灾难债券cathode metal 阴极金属CDO squared 二次合成典质债务契约central counterparty 共同敌手方Ceteris paribus 假定其他条件不变chartered financial analyst CFA特许金融阐发师chartist 行情预测专家chinese wall 中国墙churning 炒单circuit breaker 熔断制度claims equalisation reserve 理赔筹办金claims ratio 赔付率clean price 净价交易clearing and settlement 结算clearing house 结算所clinical trials 临床查验close period 封闭期close position 平仓closet tracker 本应是积极投资但过于保守和指数基金很像cockroach theory 蟑螂效应collateral bond obligation 担保债券凭证collateral loan obligation CLO担保贷款凭证collateralized debt obligation CDO担保债务凭证collective investment vehicle 集体投资组合东西combined ratio 综合赔付率commercial paper CP商业单据commoditization 商品化company secretary 公司秘书complementary goods 互补商品compound annual growth rate CAGR复合年增长率compounding 复利compulsory aquisition 强制收购concert party 协同控股人confirmation bias 确认偏误conglomerate 混合联合企业conglomerate discount 集团折价，consolidated account statement 合并会计报表constructive liability 推定责任contango 期货溢价Contingent convertible bonds coco bonds或有可转换债券contingent liability 或有债务continuing operations 持续性经营continuous time finance models 持续时间金融模型contract for difference CFD差价合约，一种金融衍生品contrarian investing 逆向投资法contribution margin 边际收益control premium 控制权溢价conversion ratio 转换比率convertible arbitrage 可转换套利convertible bonds 可转换债券core and satellite 核心-卫星办理方法core business 核心业务corporate action 公司行为corporate social responsibility CSR企业社会责任correction 股市调整correlation coefficient 关联系数cost income ratio 本钱收入比率cost of capital 本钱本钱cost of goods sold COGS主营业务本钱cost-plus pricing 本钱加成订价法counter-cyclical 反周期counterparty risk 交易敌手风险coupon 票息coupon rate 票面利率covered interest arbitrage 抵补套利covered warrants 备兑认股权证crash 股市崩盘creative accounting 创意性会计credit default swap CDS信贷违约掉期、信贷违约互换credit rating 信用评级credit risk 信用风险creditor days 应付账款天数cross elasticity 需求交叉弹性cross licensing 交叉许可cross selling 交叉发卖cumulative preference share 堆集优先股current assets 流动资产current assets ratio 流动资产比率=流动资产/流动负债current cost accounting 现行本钱会计current liabilities 流动负债custodian bank 托管银行customer aquisition cost 客户购置本钱customer relationship management CRM 客户关系办理cyclical 周期性〔相对防御性、反周期性〕cyclically adjusted PE ratio CAPE经周期性调整市盈率dark fibre 暗纤dark pool 黑池交易data revenues 数据业务收入day trading 日内交易dead cat bounce 死猫式反弹debenture 公司债券，无担保债券debt asset ratio 资产负债率debt covenant, banking covenant 债务契约debt service cover ratio 债务偿付比率debt/equity ration 债务股本比debtor days 预收账款天数de-equitization 去股权化defensive patent 防御性专利deferred income 递延收益deferred shares 延迟派息股deferred tax 延递税项delivery 交割delivery vs. payment DVP 货银对于制度delta Delta=期权价格变化/期货价格变化delta hedging delta对冲dematerialized securities 无纸化证券demerger 分拆diluted EPS 摊薄每股收益direct cost 直接本钱disclosure 披露discount broker/execution only 折扣经纪人discounted cash flow 贴现现金流discrete time finance models 离散时间金融模型discretionary broking 全权委托经纪diseconomies of scale 规模不经济disruptive technology 颠覆性技术distributable reserve 可分配储藏金diversifiable risk 可分散风险dividend discount model 股息贴现模型dividend irrelevance theory 红利无关理论dividend re-investment plan 股息再投资方案dividend yield ratio 股息率Dogs of the Dow 狗股理论double entry 复式记账法dow jones industrial averages DJIA道琼斯工业平均指数drug pipeline 新药开发工程储藏dry natural gas 枯燥天然气，成品天然气dual listing 两地上市due diligence 财政尽职查询拜访duopoly 双寡头垄断Dutch disease 荷兰病dynamic hedge 动态对冲dynamic provisioning 动态筹办金earnings accretive 〔收购〕业绩增厚earnings before interest and tax EBIT息税前利润earnings dilutive 〔收购〕业绩摊薄earnings yield 收益率EBITDA 息税折旧及摊销前利润EBITDA margin 息税折旧摊销前利润率econometrics 计量经济学economic added value EV A经济附加值effective gearing 有效杠杆率efficient frontier 有效前沿efficient market hypothesis 有效市场假说efficient portfolio 有效资产组合electronic communication network 电子通讯网络embedded computers 嵌入式电脑embedded value 内含价值enhanced index 增强型指数基金enterprise resource planning 企业资源方案〔软件〕enterprise value 企业价值EPS earnings per share 每股收益equity risk premium 股权风险溢价ethical investing 道德投资eurobond 国际债券eurocurrency 欧洲货币eurodollar 欧洲美元european options 欧式期权exceptional item 特殊工程excercise price 行使价格excess return 额外回报exchange rate risk 汇率风险Exchange Traded Funds 交易所交易基金ex-dividend 除息execution risk 执行风险exotic options 奇异期权expected return 预期收益，预期回报expense ratio 开支比率，费用率ex-rights 除权extroadinary general meeting 股东出格大会extroadinary item 非经常工程F score Piotroski 皮氏分数fabless semiconductor company 无厂半导体公司face value 〔股票〕票面价值factoring 保付代办署理，保理fair value 公允价格fast market 速动市场fat tails 厚尾fill or kill FOK 成交或打消finance lease 融资租赁资产financial economics 金融经济学first in first out FIFO 先进先出first mover advantage/pioneer advantage 先驱优势Fisher hypothesis 费雪效应fixed asset turnover 固定资产周转率fixed assets 固定资产fixed costs 固定本钱fixed interest rate 固定利率fixed odds betting terminals 固定赔率终端机floating interest rate 浮动利率floating rate note FRN浮动利率本票footfall 客流量forward contract 远期合约forward integration 前向一体化forward rate 远期汇率forwardation 期货溢价free asset ratio 自由资产比率free cash flow 自由现金流free float 自由浮动front office 办理部分front running 抢先交易FTSE index 富时指数fundamental analysis 根本面阐发fungible 可互换的gamma Gamma=delta的变化／期货价格的变化GDP delfator GDP平减指数gearing 杠杆比率generally accepted accounting principles GAAP一般公认会计准则generic drug 通用名药物geometric mean 几何平均值Giffen good 吉芬商品，生活必需品global depository receipt 全球存托凭证going concern 持续经营golden share 黄金股good news 利好动静goodwill 商誉Gordon growth model 戈登增长模型government bonds 国库券greater fool 最大笨伯理论greeks 希腊字母delta,gamme,etc. green mail 绿票讹诈gross margin 毛利率gross price/dirty price 含息价格gross profit 毛利growth investing 成长型投资guaranteed debt 担保债券haircut 估值折扣，剃头harmonized index of consumer index 调和消费者物价指数hedonic price index 特征价格指数high frequency trading 高频交易historical cost 原始本钱historical PE 历史市盈率horizontal integration 横向一体化，程度一体化hybrid security 混合证券iceberg order 冰山指令Imbedded Value 内含价值immediate or cancel order 当即执行或打消指令impairment 〔某项资产〕减损implied volatility 隐含波动性in the money 实值期权income effect 收入效应income elasticity 收入弹性index futures 指数期货index tracker 指数基金inferior good 劣质商品initial public offerings 初次公开募股initial share 原始股insolvent 无债务归还能力inter-dealer broker 交易商经纪interest coverage 利息覆蓋率=EBITDA÷利息支出interest margin 利息收益率interest rate parity 利率平价interest rate risk 利率风险interest spread 利差交易internal rate of return 内部报答率International Financial Reporting Standard IFRS国际财政陈述准则International Securities Identification Number ISIN国际证券识别码intra-market arbitrage 跨市套利intrinsic value 〔期权〕内在价值investment trust 信托投资基金investor relations 投资者关系invoice discounting 发票贴现Islamic Banking 伊斯兰银行joint venture 合资企业JP Morgan Chase 摩根大通junior debt 次级债务junk bond 垃圾债券key performance indicators KPI关键绩效指标Laffer curve 拉弗曲线last in first out LIFO 后进先出leveraged buy-out 杠杆收购limit 涨跌停板limit order 限价指示单limited liability 有限责任liquidity premium 流动性升水理论Lloyd's of London 劳合社Loan Life Coverage Ratio LLCR负债偿债能力比率long position 多头仓位long term liabilities 持久债务look ahead bias 前视偏误macroeconomic derivatives 宏不雅经济衍生品majority shareholder 大都股东management buy in 外部办理者收购management buy out 办理层收购mandatory offer 强制要约marginal cost 边际本钱marginal revenue 边际收益mark to market 逐日盯市mark to model 按模型订价market based security MBS住房典质贷款证券market capitalization 市值market maker 做市商，庄家market neutral 〔对冲基金〕市场中性策略market order 市价订单market penetration 市场渗透market portfolio 市场投资组合market size 市场规模mean reversion 〔股票〕均值回归mechanical investing 机械化投资media convergence 媒介融合median 〔数列的〕中值megatrend 大趋势merger arbitration 合并套利mezzanine fund 夹层基金middle market 中型投资银行middle office 中间部分mid-price 中间价minority interests 少数股东利益model risk 模型风险Modified Internal Rate of Return 修正后内部报答率momentum investment 惯性投资money market fund, money fund 货币基金money multiplier credit multiplier货币乘数monoline insurance 单一险种保险monopsony 买方垄断moral hazard 道德风险Morgan Stanley Capital International MSCI摩根斯坦利国际本钱指数moving average 移动平均multi manager fund 多元经理人基金mutual funds 共同基金，投资基金Nash Equilibrium 纳什均衡negative carry 负盈利net asset value NA V资产净值Net Operating Profit After Tax NOPAT税后净营业利润net position 持仓净额net present value NPV净现值net realisable value 可变现净值network effects 网络效应，网络外部性new issue 新发行nominal interest rates 名义利率non-interest income 非利息收入non-recourse debt 无追索权债务normal distribution 正态分布notes to accounts 账项附注off-balance sheet accounting 表外会计off-balance sheet financing 表外融资offer price 卖出价，卖方价格oligopoly 寡头垄断oligopsony 寡头买主垄断，采购权垄断OPEC basket price 欧佩克石油平均价open ended investment company OEIC开放式投资公司open market operations 公开市场业务open offer 公开供股open outcry 公开喊价operating cash flow 营运现金流operating cash flow ratio 经营现金流量比率operating gearing 经营杠杆operating margin 营业利润率option 期权option writer, option seller 期权卖方ore concentrate 铁精矿organic growth 内生增长，内部增长orphan drugs 〔治罕见病的〕“孤儿药〞OTC 非处方类药物out of the money 虚值期权outstanding accounts 未清账项overnight rate 隔夜利率overtrading 过量交易，炒单pair trade 配对交易par value 票面价值Pareto Optimal 帕累托最优pari passau 权利相等passenger load factor 客座率，乘客运载率passive investing 消极投资patent troll 专利蟑螂，专利地痞payback period 投资回收期法payout ratio 股息支付率PEG 市盈率增长率perpetuity 永久年金PLUS market 英国PLUS市场point of sale 发卖点终端机poison pill 〔恶意收购的〕毒丸方案portable alpha 可转移阿尔法portfolio investment 证券投资portfolio mandate 投资委托书possible reserves 〔石油〕可能储量post-modern portfolio theory 后现代投资组合理论pre-emption rights 优先认股权premium 保险费,〔期货〕贴水premium written 签单保费prepayments 预付账款price elasticity 价格弹性price sensitive 价格敏感度price/book value 市净率price/cashflow 市现率primary market 一级市场prime brokerage 机构经纪primer operating cost 主营业务本钱principal 本金private equity 私募股权投资probable reserves 〔石油〕概算储量product differentiation 产物差别化profit margin 边际利润profit margin 发卖净利率profit warning 利润预警profit-taking 获利回吐project finance 工程融资propriety trading 自誉交易prospective PE 预估市盈率、未来市盈率prospectus 招股说明书proven oil reserves 已探明石油储量provisions 筹办金psychographics 心理变数public switched telecom network PSTN公共交换网purchase method 购置法pure play 单一经营法，单一业务put options 看跌期权put-call parity 买卖权平价关系qualified audit opinion 保留审计定见quality of earnings 收益质量quantitative easing 量化宽松quantitative finance 数量金融、计量金融quote driven 报价驱动quoted company 上市公司random walk 随机安步理论real estate investment trust 不动产投资基金real interest rates 实际利率real option 本色选择权real option 实物期权realised volatility 实际波动率receiver 接管人record date 股权登记日recovery 〔石油、矿产〕采收red chip 红筹股redeemable 可赎回的redemption yield, yield to maturity YTM到期收益率reducing balance 余额递减法registered security 实名股regulatory capital arbitrage 监管本钱套利regulatory capture theory 规制俘虏理论reinsurance 再保险reinsurance retention ratio 再保险自留比率relative PE 相对市盈率relative returns 相对回报replacement cost 重置本钱replacement cycle 〔设备〕重置周期repo rate 再买回利率repurchase agreement Repo附买回协议research and development R&D研发reserve replacement ratio 〔石油〕储量替代率reserve requirement 银行存款筹办金比率resistence line 阻力线〔向下回调的高点〕resource curse “资源诅咒〞retail format 零售业态retained earning 保留利润，未分配利润retained profit 保留盈余、本钱公积return on assets 资产回报率return on average assets 平均资产回报return on capital employed ROCE已动用本钱回报return on equity 股本回报率return on investment 投资回报率revaluation reserve 重估储藏revenue recognition 收入确认reverse takeover 反向收购rights issue 股票认购权发行risk aversion 躲避风险risk diversification 分散风险risk free rate 无风险收益率risk premium 风险溢价risk weighted assets 风险加权资产sale and leaseback 售后租回sales mix 发卖组合scenario planning 情景规划scrip dividend 以股代息second board market 创业板sector PE 行业平均市盈率secular trend 持久趋势securities market line 证券市场线securitisation 证券化selection bias 选择性偏差sell-side analyst 卖方阐发师semi-variable costs 半变更本钱senior debt 优先级债务sequential growth 环比增长share consolidation 股票合并share split 股票分割shareholder's fund 股东资金short selling 卖空shrinkage 库存缩水single premium 趸交保费single price 一价定律small cap 小盘股solvency margin 〔保险公司的)偿付能力额度solvency ratio 清偿能力比率sovereign risk 主权风险sovereign wealth fund 主权财富基金special dividend 出格红利spin off/demerger 分拆〔公司〕spot price 现货价格spread 价差stamp duty 印花税standard deviation 尺度偏差static hedge 静态对冲statistical arbitrage 统计套利stock turnover/ inventory turnover 存货周转率stop loss 斩仓strike price 行使价格structured investment vehicle 布局性投资东西structured notes 布局化单据style drift 风格漂移style index 风格指数subordinated debt 次级债务subsidiary company 子公司substitution effect 〔商品的〕替代效应sum of parts valuation 〔给公司〕分类加总的估值方法sunk costs 漂浮本钱support levels 支撑位〔向上反弹的低点〕survivorship bias 保留偏差swaps 掉期synergy 协同效应systemic risk 系统性风险take position 开仓tangible common equity 有形普通股tax shield 税盾thin capitalisation 本钱弱化tier 1 capital/ core capital 核心本钱、一级本钱tier 2 capital 二级本钱total cost of ownership 总体拥有本钱tracking error 追踪误差tracking stock 追踪股票trading profit 营业利润trailing twelve months TTM比来十二个月transfer pricing 转移订价treasury bill 短期国库券treasury shares 库存股triple witching 股价指数期货、期权及个股期权同时到期。
雅思阅读：如何判断出题者的意图阅读考试如何判断读者意图？本文整理关于判断作者意图的雅思阅读做题技巧，分享给大家，希望对大家有所帮助。
雅思阅读做题技巧——从直接用词来直接判断作者的立场在文章当中，作者的立场主要分为三类：赞成、反对或中立。
这需要我们从文章中找出一些旗帜鲜明的词来帮助我们判定：例如有一篇介绍GMOs(转基因生物)的文章中，第一句话是：Genetically-modifiedorganisms (GMOs) are a double-edgedsword(双刃剑)。
这句话是全文或至少是全段的主题句，表明出题者的观点是中立的，认为转基因生物给人类带来益处的同时也带来了危害。
在阅读这类文章时，考生应注意把住这两方面的论据在心里加以分类。
雅思阅读做题技巧——通过理解转折词来看作者的态度作者的观点和态度往往在雅思的文章中有一个先扬后抑的过程，会通过一些转折词表现出来，前面会列出很多幌子来迷惑考生。
这些常用的有：although，though，while，onthe other hand，however，rather，but，despite，in spite of等。
在阅读中，表示转折的词是猜测单词词义的很好的线索。
另外，在一句话中，转折词后的部分往往是出题者表达的重点，所强调的东西。
如果时间紧张的话，考生甚至可以跳过这些词前面的部分，直接阅读后半句话，因为这常常是问题涉及到的。
雅思阅读做题技巧——通过原因和结果推测作者的意图在阅读过程中，了解出题者解释某个事件或情况的原因是很重要的。
因果关系是帮助考生理解文章的线索之一。
因此，考生应掌握下列词汇。
解释原因的：because，becauseof，due to，result from，as a result of，be a consequence of，be attributedto;表示结果的：as a result，result in，lead to，cause，contributed to。
