兹维博迪金融学第二版Chapter04研讨.ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Copyright ? 2009 Pearson Education, Inc. ?Publishing as Prentice Hall * 汇率图示 观察上图可知一年后你将获得 $11,000或 ￥1,030,000 如果日元的美元价格每年上升8%，则一年后的汇率为$0.0108/ ￥ Copyright ? 2009 Pearson Education, Inc. ?Publishing as Prentice Hall * $10,000 $11,124 $11,000 ￥ 1,000,000￥ 1,030,000￥ Time 10% $/$ (direct) 0.01 $/￥ 3% ￥/￥ 0.0108 $/￥ U.S.A. Japan Copyright ? 2009 Pearson Education, Inc. ?Publishing as Prentice Hall * 解释和另一个情境 在日元的美元价格上升8%的情形中，你赚了$124 现在，如果日元的美元价格上升6%，一年后的汇率将是$0.0106/￥ Copyright ? 2009 Pear