銆€銆€銆� 瀛哥繏鐩 銆�

銆€銆€1銆佸熀鏈師鐞�

銆€銆€2銆佸父鐢ㄦ寚妯欒▓绠�

銆€銆€銆� 鐭ヨ瓨绲愭 銆� 銆� 閲嶉粸 銆� 銆� 闆ｉ粸 銆�

銆€銆€绗竴绡€(ji茅)锛氭鐜囧熀绀� 1銆佺瓑鍙兘浜嬩欢姒傜巼

銆€銆€2銆佷簰瑁滀簨浠舵鐜� 1銆佷簰瑁滀簨浠舵鐜�

銆€銆€姒傜巼鐨勫姞娉曞拰涔樻硶 姒傜巼鐨勫姞娉曞拰涔樻硶

銆€銆€绗簩绡€(ji茅)锛氱当(t菕ng)瑷堝熀绀�

銆€銆€绗竴鍠厓锛氱当(t菕ng)瑷堣〃鍜岀当(t菕ng)瑷堝湒 3銆佸咕绋父瑕嬬殑绲�(t菕ng)瑷堣〃鍜岀当(t菕ng)瑷堝湒

銆€銆€绗簩鍠厓锛氬父鐢ㄧ殑绲�(t菕ng)瑷堥噺 4銆佸咕绋父瑕嬬殑绲�(t菕ng)瑷堥噺

銆€銆€绗笁绡€(ji茅)锛氭敹鐩婅垏棰ㄩ毆

銆€銆€绗竴鍠厓锛氳波骞ｆ檪闁撳児鍊� 2銆佽波骞ｆ檪闁撳児鍊�

銆€銆€绗簩鍠厓锛氭敹鐩婄巼鐨勮▓绠� 5銆佹姇璩囬ⅷ闅拰鏀剁泭鐨勮▓绠�

銆€銆€绗笁鍠厓锛氶ⅷ闅殑搴﹂噺 3銆佹姇璩囬ⅷ闅拰鏀剁泭鐨勮▓绠�

銆€銆€銆� 閲嶉粸鍏�(n猫i)瀹硅瑳瑙� 銆�

銆€銆€浜嬩欢涔嬮枔鐨勯棞绯�

銆€銆€1銆佷簨浠剁殑鍖呭惈锛� (瀛愰泦)

銆€銆€2銆佷簨浠剁殑鍜岋細鑷冲皯涓€鍊嬬櫦(f膩)鐢�锛屾垨銆佹垨鑰咃紝 (骞堕泦)

銆€銆€3銆佷簨浠剁殑绌嶏細鍚屾檪鐧�(f膩)鐢燂紝鍜�锛� (浜ら泦)

銆€銆€4銆佷簰涓嶇浉瀹逛簨浠讹細涓嶅彲鑳藉悓鏅傜櫦(f膩)鐢�( 浣嗗張涓嶆槸 闈濧 鍗矪 )

銆€銆€5銆佸皪绔嬩簨浠�銆佷簰瑁滀簨浠讹細涓€鍊嬩笉鍑虹従(xi脿n)銆佸彟涓€鍊嬪繀鍑虹従(xi脿n)锛岄潪A鍗矪锛屼絾涓嶅彲鑳藉悓鏅傜櫦(f膩)鐢�

銆€銆€A+B = 鍏ㄩ泦

銆€銆€6銆佺崹绔嬩簨浠讹細涓嶇浉闂滀簨浠�銆佷簩鑰呮矑鏈変换浣曢棞绯�

銆€銆€涓€銆佺瓑鍙兘浜嬩欢姒傜巼

銆€銆€1銆佺瓑鍙兘浜嬩欢

銆€銆€N浠朵簨锛欰銆丅銆丆銆佲€� 鈥� N

銆€銆€姣忓€嬩簨浠剁櫦(f膩)鐢熺殑姒傜巼閮界浉绛�锛岀櫦(f膩)鐢熺殑姒傜巼鐐� 1/n

銆€銆€2銆佺瓑鍙兘浜嬩欢姒傜巼銆佸厛椹楁鐜�銆佸彜鍏告鐜�

銆€銆€P(A) = 浜嬩欢A涓寘鍚殑绛夊彲鑳界祼鏋滅殑鍊嬫暩(sh霉) / 绛夊彲鑳界祼鏋滅殑绺芥暩(sh霉)

銆€銆€P(A) 浠ｈ〃 浜嬩欢鐧�(f膩)鐢熺殑姒傜巼锛屽叾鍙栧€� 鍦ㄥ崁(q奴)闁� [0,1] 鍏�(n猫i)

銆€銆€浜掕浜嬩欢姒傜巼銆佹鐜囩殑鍔犳硶鍜屼箻娉�

銆€銆€浜�銆佷簰瑁滀簨浠舵鐜囥€佹鐜囩殑鍔犳硶鍜屼箻娉�

銆€銆€(涓€)浜掕浜嬩欢

銆€銆€1銆佷簰瑁滀簨浠�

銆€銆€濡傛灉涓€鍊嬩簨浠跺嚭鐝�(xi脿n)锛屽墖鍙︿竴鍊嬩簨浠惰偗瀹氫笉鍑虹従(xi脿n)锛岄偅涔堥€欏叐鍊嬩簨浠� 浜掔偤 灏嶆柟浜嬩欢鐨� 浜掕浜嬩欢

銆€銆€2銆佷簰瑁滀簨浠剁殑 姒傜巼涔嬪拰 绛変簬 1锛� 鍗� P(A) + P(B) = 1

銆€銆€(浜�)姒傜巼鐨勫姞娉�

銆€銆€姒傜巼鐨勫姞娉�銆佹鐜囩殑鍜� P(A+B)銆丳(A鎴朆)

銆€銆€鍏╁€嬩簨浠躲€佽嚦灏戝叾涓竴鍊嬬櫦(f膩)鐢熺殑 姒傜巼

銆€銆€1銆佷笉鐩搁棞浜嬩欢姒傜巼鐨勫姞娉�

銆€銆€涓嶅彲鑳藉悓鏅�銆佽嚦灏戝叾涓竴鍊嬬櫦(f膩)鐢熺殑 姒傜巼

銆€銆€P(A+B) = P(A鎴朆) = P(A) + P(B)

銆€銆€2銆佺浉闂滀簨浠舵鐜囩殑鍔犳硶

銆€銆€鍙兘鍚屾檪鐧�(f膩)鐢熴€佽嚦灏戝叾涓竴鍊嬬櫦(f膩)鐢熺殑 姒傜巼

銆€銆€P(A+B) = P(A鎴朆) = P(A) + P(B) 鈥� P(AB)

銆€銆€(涓�)姒傜巼鐨勪箻娉�

銆€銆€鍏╁€嬩簨浠� A鍜孊锛屽悓鏅傜櫦(f膩)鐢熺殑姒傜巼

銆€銆€姒傜巼鐨勪箻娉曘€佹鐜囩殑绌�: P(AB)銆丳(A鍜孊)

銆€銆€1銆佹浠朵簨浠�

銆€銆€A /B锛氱郸瀹� 浜嬩欢B鐧�(f膩)鐢熺殑姊濅欢涓�銆佷簨浠禔鐧�(f膩)鐢�

銆€銆€B /A锛氱郸瀹� 浜嬩欢A鐧�(f膩)鐢熺殑姊濅欢涓嬨€佷簨浠禕鐧�(f膩)鐢�

銆€銆€姊濅欢姒傜巼锛�

銆€銆€P(A /B)锛氱郸瀹� 浜嬩欢B鐧�(f膩)鐢熺殑姊濅欢涓�銆佷簨浠禔鐧�(f膩)鐢� 鐨勬鐜�

銆€銆€P(B /A)锛氱郸瀹� 浜嬩欢A鐧�(f膩)鐢熺殑姊濅欢涓�銆佷簨浠禕鐧�(f膩)鐢� 鐨勬鐜�

銆€銆€2銆佷笉鐛ㄧ珛浜嬩欢鐨勪箻娉� P(AB)銆丳(A鍜孊)

銆€銆€鍏╁€嬩簨浠�(涓嶇崹绔嬨€佺浉闂�)銆佸悓鏅傜櫦(f膩)鐢熺殑姒傜巼

銆€銆€绲﹀畾 浜嬩欢A鐧�(f膩)鐢熺殑姊濅欢涓�銆佷簨浠禕鐧�(f膩)鐢� 鐨勬鐜�锛屽嵆鏄疉銆丅鍚屾檪鐧�(f膩)鐢熺殑姒傜巼

銆€銆€P(AB) = P(A鍜孊) = P(A) * P(B /A)

銆€銆€P(B /A) = P(AB) / P(A)

銆€銆€3銆佺崹绔嬩簨浠剁殑涔樻硶 P(AB)銆丳(A鍜孊)

銆€銆€鍏╁€嬬崹绔嬩簨浠�(涓嶇浉闂�)銆佸悓鏅傜櫦(f膩)鐢熺殑姒傜巼

銆€銆€P(AB) = P(A鍜孊) = P(A) * P(B)

銆€銆€姝ゆ檪锛孉銆丅涓嶇浉闂�

銆€銆€P(A /B) = P(A)

銆€銆€P(B /A) = P(B)

銆€銆€骞剧ó甯歌鐨勭当(t菕ng)瑷堣〃鍜岀当(t菕ng)瑷堝湒

銆€銆€涓�銆佸咕绋父瑕嬬殑绲�(t菕ng)瑷堣〃鍜岀当(t菕ng)瑷堝湒

銆€銆€(涓€)绲�(t菕ng)瑷堣〃

銆€銆€1銆佷簩缍当(t菕ng)瑷堣〃銆侀珮缍当(t菕ng)瑷堣〃

銆€銆€2銆佸€嬩汉瀹跺涵璨″嫏鍫辫〃锛氳硣鐢�(ch菐n)璨犲偟琛ㄣ€佹敹鍏ユ敮鍑鸿〃

銆€銆€(浜�)绲�(t菕ng)瑷堝湒

銆€銆€1銆佺洿鏂瑰湒

銆€銆€绺卞潗妯欙細閫氬父鐐烘暩(sh霉)鎿�(j霉)鐨勫ぇ灏�

銆€銆€浣滅敤锛氬彲浠ョ湅鍑� 鏁�(sh霉)鎿�(j霉)鍒嗗竷鐨勭枏瀵嗐€佸悇绲勬暩(sh霉)鎿�(j霉)鐨勫ぇ灏�銆佸樊鐣扮▼搴�

銆€銆€2銆佹暎榛炲湒

銆€銆€缍�(j墨ng)甯哥敤渚嗘弿杩� 鏅傞枔搴忓垪鐨勬暩(sh霉)鎿�(j霉)锛屽彲浠ョ湅鍑� 绲�(t菕ng)瑷堥噺闅ㄨ憲鏅傞枔鐨� 璁婂寲瓒ㄥ嫝

銆€銆€3銆侀鐙€鍦�

銆€銆€閫氬父鐢ㄤ締鎻忚堪 绺介珨涓悇鍊嬮儴鍒嗙殑姣斾緥

銆€銆€4銆佺洅褰㈠湒

銆€銆€鍦ㄨ硣鏈姇璩囧韪愪腑 琚紨璁婃垚 钁楀悕鐨� K绶氬湒

銆€銆€鍥�銆佸咕绋父瑕嬬殑绲�(t菕ng)瑷堥噺

銆€銆€1銆佺畻琛撳钩鍧囨暩(sh霉)

銆€銆€(1)鐩存帴娉�(绨″柈绠楄骞冲潎鏁�(sh霉))锛岄仼鐢ㄤ簬 鏈垎绲�銆乶 <= 30

銆€銆€(2)鍔犳瑠娉�(鍔犳瑠绠楄骞冲潎鏁�(sh霉))锛岄仼鐢ㄤ簬 鍒嗙祫

銆€銆€2銆佸咕浣曞钩鍧囨暩(sh霉)

銆€銆€涓昏鎳夌敤浜� 娑夊強璺ㄦ湡 鏀剁泭鐜�銆佸闀风巼 绛夌殑瑷堢畻

銆€銆€3銆佷腑浣嶆暩(sh霉)銆佷腑鏁�(sh霉)

銆€銆€灏囨墍鏈夎娓€� 寰炲皬鍒板ぇ 渚濇鎺掑垪锛屼綅浜庝腑闁撶殑閭ｅ€嬭娓€�锛岀ū鐐轰腑浣嶆暩(sh霉)

銆€銆€4銆佺溇鏁�(sh霉)

銆€銆€妯ｆ湰涓嚭鐝�(xi脿n)鏈€澶氱殑璁婇噺鍊�锛岀ū鐐虹溇鏁�(sh霉)

銆€銆€5銆佹暩(sh霉)瀛告湡鏈� E(X)

銆€銆€闆㈡暎鍨嬮毃姗熻畩閲忕殑鍚勫彲鑳藉€糥n 鑸囧叾灏嶆噳鐨勬鐜� Pn 涔樼⿳鐨勫拰

銆€銆€瀵﹁唱鏄細闆㈡暎鍨嬮毃姗熻畩閲� 鐨勫姞娆婂钩鍧囨暩(sh霉)銆佸姞娆婂钩鍧囨暩(sh霉)銆佸钩鍧囨暩(sh霉)

銆€銆€鏂瑰樊銆佹婧栧樊

銆€銆€6銆佹柟宸€佹婧栧樊

銆€銆€(1)鍋忓樊銆侀洟宸細 X 鈥� E(X)

銆€銆€(2)鏂瑰樊 D(X)锛�

銆€銆€鍋忓樊鐨勫钩鏂� 鍜� 鐨勫钩鍧囨暩(sh霉)

銆€銆€鍋忓樊鐨勫钩鏂� [ X 鈥� E(X) ]2 涔嬪拰 鐨勫钩鍧囨暩(sh霉) E [ X 鈥� E(X) ]2

銆€銆€D(X) = E [ X 鈥� E(X) ]2

銆€銆€(3)妯欐簴宸細鏂瑰樊鐨� 骞虫柟鏍�

銆€銆€D(X) = E [ X 鈥� E(X) ]2 鐨勫钩鏂规牴

銆€銆€7銆佹ǎ鏈柟宸�銆佹ǎ鏈婧栧樊

銆€銆€(1)妯ｆ湰鏂瑰樊

銆€銆€(2)妯ｆ湰妯欐簴宸細妯ｆ湰鏂瑰樊鐨� 绠楄骞冲潎鏁�(sh霉)

銆€銆€8銆佸崝(xi茅)鏂瑰樊 cov(X, Y)

銆€銆€鐢ㄤ締琛ㄧず 鍏╁€嬭畩閲�(X, Y) 鏄浣� 鐩镐簰浣滅敤鐨�

銆€銆€cov(X, Y)= E { [ X ? E(X) ] [ Y ? E(Y) ] }

銆€銆€9銆佺浉闂滅郴鏁�(sh霉) 蟻

銆€銆€蟻 = 1锛孹,Y 瀹屽叏 姝� 绶氭€� 鐩搁棞

銆€銆€蟻 = -1锛孹,Y 瀹屽叏 璨� 绶氭€� 鐩搁棞

銆€銆€蟻 = 0锛孹,Y 涓� 鐩搁棞

銆€銆€浜�銆佽波骞ｆ檪闁撳児鍊�

銆€銆€璨ㄥ梗鏅傞枔鍍瑰€硷細鏄寚 鍦ㄤ笉鑰冩叜 閫氳波鑶ㄨ劰銆侀ⅷ闅€у洜绱犵殑鎯呮硜涓�锛屼綔鐐鸿硣鏈鐢ㄧ殑璨ㄥ梗 鍦ㄥ叾琚亱鐢ㄧ殑閬庣▼涓� 闅ㄦ檪闁撴帹绉� 鑰屽付渚嗙殑 涓€閮ㄥ垎澧炲€煎児鍊�銆�

銆€銆€鍙嶆槧鐨勬槸 鐢变簬鏅傞枔鍥犵礌鐨勪綔鐢�锛岃€屼娇鐝�(xi脿n)鍦ㄧ殑涓€绛嗚硣閲戦珮浜庡皣渚嗘煇鍊嬫檪鏈熺殑 鍚岀瓑鏁�(sh霉)閲忕殑璩囬噾鐨� 宸锛屾垨鑰呰硣閲� 闅ㄦ檪闁撶殑鎺ㄥ欢 鎵€鍏锋湁鐨勫鍊艰兘鍔�

銆€銆€閫氬父琛ㄧ従(xi脿n)鐐� 鍒╂伅

銆€銆€瀵﹁唱鍏�(n猫i)瀹癸細绀炬渻璩囬噾鐨勫钩鍧囧埄娼�

銆€銆€Vn 绲傚€笺€佺 n骞存湯鐨勫児鍊�

銆€銆€V0 鐝�(xi脿n)鍊�銆佺 1骞村垵鐨勫児鍊�

銆€銆€i 鍒╃巼

銆€銆€n 瑷堟伅鏈熸暩(sh霉)

銆€銆€(涓€)鍠埄

銆€銆€1銆佸柈鍒╃祩鍊�

銆€銆€Vn = V0 * ( 1 + i * n )

銆€銆€2銆佸柈鍒╃従(xi脿n)鍊�

銆€銆€(浜�)寰╁埄

銆€銆€1銆佸京鍒╃祩鍊�

銆€銆€Vn = V0 * ( 1 + i )n

銆€銆€2銆佸京鍒╃従(xi脿n)鍊�

銆€銆€(涓�)骞撮噾

銆€銆€涓€瀹氭湡闁撳収(n猫i)锛屾瘡鏈熺浉绛夐噾椤� 鐨勬敹浠樻闋�

銆€銆€1銆佸悗浠樺勾閲�銆佹櫘閫氬勾閲戯細姣忔湡鏈熸湯 鐧�(f膩)鐢熺殑 绛夐 绯诲垪鏀朵粯

銆€銆€绲傚€� Vn = A * 鈭�( 1 + i )t-1

銆€銆€骞撮噾 * 骞撮噾绲傚€肩郴鏁�(sh霉)

銆€銆€鐝�(xi脿n)鍊� V0 = A * 鈭�( 1 + i )-t

銆€銆€骞撮噾 * 骞撮噾鐝�(xi脿n)鍊肩郴鏁�(sh霉)

銆€銆€2銆佸厛浠樺勾閲�銆侀爯浠樺勾閲戯細姣忔湡鏈熷垵 鐧�(f膩)鐢熺殑 绛夐 绯诲垪鏀朵粯

銆€銆€绲傚€� Vn = A * 鈭�( 1 + i )t *( 1 + i )

銆€銆€鐝�(xi脿n)鍊� V0 = A * 鈭慘j * Wj

銆€銆€3銆佹案绾�(x霉)骞撮噾锛氱劇鏈熼檺 鐧�(f膩)鐢熺殑 绛夐 绯诲垪鏀朵粯

銆€銆€鐝�(xi脿n)鍊� V0 = A / i

銆€銆€4銆侀仦寤跺勾閲�

銆€銆€(1)鏈熸湯閬炲欢骞撮噾

銆€銆€绗竴姝ワ細鎶樼従(xi脿n)鍒� m骞� 骞存湯

銆€銆€鐝�(xi脿n)鍊� Vm =( A/i )* { 1 ?[ 1 / ( 1 + i ) ]n }

銆€銆€绗簩姝ワ細鎶樼従(xi脿n)鍒� 鐣跺墠

銆€銆€鐝�(xi脿n)鍊� V0 = Vm * 1 / ( 1 + i )m

銆€銆€(2)鏈熷垵閬炲欢骞撮噾

銆€銆€鎶曡硣棰ㄩ毆鍜屾敹鐩婄殑瑷堢畻

銆€銆€鍏€佹姇璩囬ⅷ闅拰鏀剁泭鐨勮▓绠�

銆€銆€棰ㄩ毆

銆€銆€绯荤当(t菕ng)棰ㄩ毆銆佸競鍫撮ⅷ闅細尾 璨濆绯绘暩(sh霉)

銆€銆€闈炵郴绲�(t菕ng)棰ㄩ毆銆佺壒鏈夐ⅷ闅�

銆€銆€绺介珨棰ㄩ毆锛氭婧栧樊銆佽畩鐣扮郴鏁�(sh霉)

銆€銆€(涓€)棰ㄩ毆搴﹂噺鏂规硶

銆€銆€1銆佹柟宸�銆佹婧栧樊

銆€銆€2銆佽畩鐣扮郴鏁�(sh霉)锛�

銆€銆€妯欐簴宸� 鑸� 鏁�(sh霉)瀛告湡鏈� 鐨勬瘮鍊�锛岃畩鐣扮郴鏁�(sh霉) = 妯欐簴宸� / 鏁�(sh霉)瀛告湡鏈�

銆€銆€浠ｈ〃鐨勬槸 姣忎竴鍠綅 鎵€鎵挎摂鐨� 棰ㄩ毆

銆€銆€璁婄暟绯绘暩(sh霉) 瓒婂皬瓒婂ソ锛岄ⅷ闅秺灏�

銆€銆€3銆佄� 璨濆绯绘暩(sh霉)

銆€銆€娓畾 涓€绋偂绁ㄧ殑鏀剁泭 鍙� 鏁村€嬭偂绁ㄥ競鍫�(甯傚牬鎶曡硣绲勫悎)鏀剁泭璁婂寲褰遍熆绋嬪害鐨勬寚妯�

銆€銆€鍙互琛￠噺鍑� 鍊嬪垾鑲＄エ鐨� 甯傚牬棰ㄩ毆(绯荤当(t菕ng)棰ㄩ毆)

銆€銆€尾 = 1锛岃┎鑲＄エ鐨勯ⅷ闅� 鑸� 鏁村€嬭偂绁ㄥ競鍫寸殑骞冲潎棰ㄩ毆鐩稿悓

銆€銆€尾 > 1锛岃┎鑲＄エ鐨勯ⅷ闅� 澶т簬 鏁村€嬭偂绁ㄥ競鍫寸殑骞冲潎棰ㄩ毆锛屾暩(sh霉)鍊艰秺澶�銆侀ⅷ闅秺澶�

銆€銆€尾 < 1锛岃┎鑲＄エ鐨勯ⅷ闅� 灏忎簬 鏁村€嬭偂绁ㄥ競鍫寸殑骞冲潎棰ㄩ毆锛屾暩(sh霉)鍊艰秺灏�銆侀ⅷ闅秺灏�

銆€銆€(浜�)鎶曡硣鏀剁泭瑷堢畻

銆€銆€鏀剁泭鐜囷細鏀剁泭 鑸� 鏈噾 鐨勬瘮鐜�

銆€銆€1銆侀爯鏈熸敹鐩婄巼

銆€銆€(1)鍠€嬬敘(ch菐n)鍝佹垨 鍠爡鎶曡硣 闋愭湡鏀剁泭鐜�

銆€銆€E(R) = 鈭� Pi Ri = P1 R1 + P2 R2 + 鈥� + Pn Rn

銆€銆€Pi 绗� i绋敹鐩� 鐧�(f膩)鐢熺殑鍙兘鎬�

銆€銆€Ri 绗� i绋� 鍙兘鐨� 鏀剁泭鐜囩殑澶у皬

銆€銆€(2)鎶曡硣绲勫悎鐨勯爯鏈熸敹鐩婄巼

銆€銆€E(R) = 鈭� wi Ri = w1 R1 + w2 R2 + 鈥� + wn Rn

銆€銆€wi 绗� i闋呮姇璩� 鍦ㄦ姇璩囩祫鍚堜腑鐨� 娆婇噸

銆€銆€Ri 绗� i闋呮姇璩囩殑 闋愭湡鏀剁泭鐜�

銆€銆€2銆佸収(n猫i)閮ㄦ敹鐩婄巼

銆€銆€(1)瀹氱京

銆€銆€浣� 鏌愪竴鎶曡硣鐨勬湡鏈涚従(xi脿n)閲戞祦鍏ョ従(xi脿n)鍊� 绛変簬 瑭叉姇璩囩殑鐝�(xi脿n)閲戞祦鍑虹従(xi脿n)鍊肩殑鏀剁泭鐜�

銆€銆€浣� 瑭叉姇璩囩殑 鍑堢従(xi脿n)鍊� 鐐洪浂 鐨勬姌鐝�(xi脿n)鐜�

銆€銆€(2)瑷堢畻鍏紡

銆€銆€CF0 鏈熷垵鐨勭従(xi脿n)閲戞祦

銆€銆€CFr 绗� i鏈� 鐧�(f膩)鐢熺殑 鐝�(xi脿n)閲戞祦

銆€銆€(3)鎳夌敤

銆€銆€灏忎簬 IRR 鐨勬姌鐝�(xi脿n)鐜�锛屾渻浣� NPV 鐐烘

銆€銆€澶т簬 IRR 鐨勬姌鐝�(xi脿n)鐜囷紝鏈冧娇 NPV 鐐鸿矤

銆€銆€鎺ュ彈 IRR澶т簬 瑕佹眰鐨勫洖鍫辩巼 鐨勯爡鐩�

銆€銆€鎷掔禃 IRR灏忎簬 瑕佹眰鐨勫洖鍫辩巼 鐨勯爡鐩�

銆€銆€3銆佹寔鏈夋湡鏀剁泭鐜�

銆€銆€4銆佸埌鏈熸敹鐩婄巼

銆€銆€5銆佺暥鏈熸敹鐩婄巼

銆€銆€6銆佽布鐝�(xi脿n)鏀剁泭鐜�

銆€銆€7銆佸繀瑕佹敹鐩婄巼

銆€銆€8銆佹伅绁ㄦ敹鐩婄巼

銆€銆€鐞嗚病瑕�(gu墨)鍔冨斧鐨勫伐浣滄祦绋嬪拰宸ヤ綔瑕佹眰

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?2013骞寸悊璨¤(gu墨)鍔冨斧鑰冭│淇濋亷鐝嫑鐢熺啊绔�

鏇村淇℃伅璜嬭í鍟忥細鐞嗚病瑕�(gu墨)鍔冨斧闋婚亾   鐞嗚病瑕�(gu墨)鍔冨斧璜栧