. .
1. (net asset value). (NAV) ( ), , $1000. , NAV 2000 , . NAV 1000. :
, +10%, -10% +20%, NAV :
. 21.5 NAV 1991 . 1995 . . 21.6 NAV. . 21.6 , , . , 10%- . 21.6 , NAV = 2000, 10%- , NAV = 1000. . 21.5 .
756 4.
, NAV, , , , .
NAV , . , - , NAV. , , :
, | , | NAV | ||
+11% | -1% | (1000)(1, 11)6(0,99)6 | = 1760 | |
+21% | -11% | (1000)(1, 2 1)6(0,89)6 | = 1560 | |
+31% | -21% | (1000)(1,31)6(0,79)6 | = 1230 | |
+41% | -31% | (1000)(1,41)6(0,69)6 | = 850 | |
+51% | -41% | (1000)(1,51)6(0,59)6 | = 500 |
NAV, , .
, NAV , , . , NAV, (. . 21.6), - , . NAV, , , .
|
|
2. *. , . , -
. .
21. 757
2 1600 |
21.5. NAV
, , , ( ). , MRPP RRR. . 21.7 21.8 , . 21.5 21.6. ( , .) , .
( ) ? ,
758 4.
21.6. NAV ( )
NAV, *.
, NAV, , , . , , NAV , , , .
, , , .
21.7. :
21.8. :
1
760 4.
, . , , . NAV 1000 .
|
|
1.
.
2. /
:
a. ;
b. .
3.
:
a.
, ;
b.
;
c.
.
4. RRR ,
,
(
,
,
).
,
,
,
.
5. AGPR ,
,
RRR.
6. ENPPT , ,
.
7. , ML
.
8. , /
,
. , RRR
.
,
,
,
.
9. RRR
. , ,
.
(
).
10. NAV .
5
, .
, , , , , . , . . , , , , .
.
1: