UC知道请英语高手翻译这几句话
来源：百度知道 编辑：UC知道 时间：2024/05/23 20:39:27
将目标企业的成长机会与看涨期权类比，可以描述为： 为 时刻对目标企业追加投资的期望收益在 时刻的现值，相当于看涨期权中 时刻的股票价格； 为并购企业于 时刻对目标企业追加投资的费用，可以视为金融期权的执行价格； 为 时刻对目标企业追加投资的期望收益在 时刻的价值，可视为期权到期市场价格； 为购并初始投资的 时刻与追加投资的 时刻的时间间隔，相当于期权的有效期； 为资金时间价值，相当于期权中的无风险利率； 为目标企业价值的不确定性，相当于股票回报的方差， 为标准正态分布的累计概率分布函数，则：
目标企业成长价值在 时刻的现值计算公式为：
Urge the good-hearted people to help, bless you,
The target business growth opportunities and call option analogy, can be described as follows: for the time of the target company during a time of additional investment income expected present value, equivalent to a call option in the moment the stock price; for mergers and acquisitions business in the time of the target company an additional investment costs, can be regarded as financial option exercise price; the time of the target company's expectations of additional investment income during a time of values, can be considered as options expiration the market price; the acquisition time of initial investment and additional investment in the moment time interval, equivalent to an option is valid; the time value of money,
Option is equivalent to the risk-free rate; target enterprise value of uncertainty, equivalent to the variance of stock returns for the standard normal distribution cumulative probability distribution