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-1deltadeltadeltablack-scholesdelta=nd1,nd1black-scholesdelta=nd1delta=nd1delta2abxxxxa100100ab100a b0.50.5a100b10031.2531.2.3.4.5.6161/312145611/44:100.,80,90.800.8,900.85,00800.8900.9900.851/8801/9901/9max(90-st,0)-1/8max(80-st,0)=max(10-st/9.0)-max(10-st/8,0)>=05gammagammagammadeltagammadeltagammagamma6black-scholes7200100501005%8delta0.59k1k0kk1kvega1011522626112626rb:*tips10-15min 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1020good afternoon (morning), professorsit is my great pleasure to be here. my name is yang yang, im going to be twenty next week. during my three-year study in the hunan university as an under-graduate student, i have built up a solid foundation ofprofessional knowledge, as well as a rich experience of social activities. but i find the knowledge i have mastered is not enough to solve some specific problems. so i decide to further my education.whats more, i am good at analysis, with a strong sense of cooperation. i want to take finance, especially the banking management as my life long career, therefore, further study in this field is still necessary. in myopinion, i can broaden my horizon and enrich the knowledge in this field through the postgraduate education.all in all, i believe that i am a very qualified applicant for admission into the master of finance and can contribute to the enrichment or diversity of hunan university.thank you for your attention!-1. 2. 1. 2. 3. 4. 5. 1. 2. 3. xxxxxx1. 2. 3. 1. actually, i have no confidence to answer this question perfectly, but i will try my best.2. this is my answer. thank you for your attention.3. sorry, i did not catch your meaning. pardon, please.4. i am so sorry, let me rethink about it./ i cant recall it right now.1. interest rate marketization2. inclusive financial system3. systemically important banks098%11.5%4. dont put

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