HullRMFI2ndEdCh01课件精品课件.pptVIP

IntroductionChapter1RiskManagementandFinancialInstitutions2e,Chapter1,Copyright?JohnC.Hull20091

RiskvsReturnThereisatradeoffbetweenriskandexpectedreturnThehighertherisk,thehighertheexpectedreturnRiskManagementandFinancialInstitutions2e,Chapter1,Copyright?JohnC.Hull20092

Example(Table1.1,page2) SupposeTreasuriesyield5%andthereturnsforanequityinvestmentare:RiskManagementandFinancialInstitutions2e,Chapter1,Copyright?JohnC.Hull20093ProbabilityReturn0.05+50%0.25+30%0.40+10%0.25–10%0.05–30%

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