calculus proofsin basic portfolio optimizationand capital（微积分proofsin基本组合optimizationand资本）.docVIP

 Your Relationship with the Bank and its Creditors Since you, as one of the shareholders of the bank, are one of its several owners, bank management works for you. You, like your fellow shareholders, want a good Return on their capital investment while minimizing their risk. In order to maximize return per risk, bank management needs to allocate your shareholder’s equity (also known as equity capital). Changes in the bank’s asset value are reflected in changes in your shareholder’s equity. Those changes are based on the fundamental principle of accounting: In order to maximize share