| 1. | The property right system and the cost of trade
产权制度与交易成本 |
| 2. | But if a buyer invests only a small amount , the cost of trading can quickly reduce his or her investment gains
但如果买方投资资金很少，交易费用会大大削弱其投资收益。 |
| 3. | But if a buyer invests only a small amount , the cost of trading can quickly reduce his or her investment gains
但如果投资人的投资数目很小，交易费用会大大降低其投资受益。 |
| 4. | But if a buyer invests only a small amount , the cost of trading can quickly reduce his or her investment gains
如果买家只作少量投资，昂贵的交易费会很快耗光他（她）投资所得的利润。 |
| 5. | Alternative trading networks are most common in america , where they have helped to push the cost of trading relentlessly lower
在美国，交易所以外的交易网络已经如此普通，无情的将交易成本压得更低。 |
| 6. | The key is to manage the costs of trade adjustment and to support the transition of workers to more competitive employment , not to block change
其中的关键就在于控制贸易调整的成本，帮助产业工人转入更具竞争力的工作岗位，而不是抗拒这一变化。 |
| 7. | The lmm has two outstanding functions . firstly , it sharply simplifies the process of trading , improves the efficiency of trading and reduces the cost of trading
首先，它有利于简化交易程序，提高交易效率，降低交易成本；其次，它有利于维系商业伙伴之间持久稳定的信用关系，加速资金和物资的融通。 |
| 8. | The court of final appeal decided in favour of the commissioner in relation to 2 cases which were concerned with the deductibility of interest expenses which had been capitalised as part of the cost of trading stock
终审法院裁定局长胜诉的个案有两宗，案件都是关于利息开支转化为存货成本后，能否扣除的问题。 |
| 9. | The thesis demonstrated the a pplicability of capm in our stock market . at last , it discussed the conception of the risk , the measurement of the risk . due to the portfolio theory funded on the markowitz theory did n ' t take into account the cost of trade , so this paper inducted trade cost function and demonstrated it ' s right
阐述了各种投资方法及树立正确的投资理念，并实证分析了capm模型在我国股市上的是否适用；在文章的最后，具体叙述了风险的概念、风险的度量，由于建立在马克威茨投资组合理论基础上的投资理论没有考虑具有交易成本的证券投资组合问题，因此，本文在引入了交易成本函数，并且证明不函数的正确性和适用性，这也是本文的一个创新点，最后具体叙述了如何规避证券投资的风险。 |
