Sesión 2 - Opciones
March 30, 2023 | Author: Anonymous | Category: N/A
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Hpidhgjs Odgmgzms Ihrphrmtvms DD
0 =
¸]uä shg cms hpidhgjs8
¸]uä shg cms hpidhgjs8 • Zgm Hpidùg js ug ihgrmh quj nm m su ihkprmnhr jc njrjifh, pjrh gh cm h`cdbmidùg, m ihkprmr h vjgnjr mitvhs ccmkmnhs –su`ymijgjs‛ ihkh miidhgjs, ug ouurh nj ëgndij ihkh jc njc DQI h ndvdsms, m ug prjidh prjnjjrkdgmnh ccmkmnh –Qrjidh nj Jljrididh‛ Jljrididh‛,, h Yrdej jg h mgjs nj ugm ojifm ihgirjm njghkdgmnm –ojifm nj vjgidkdjgh‛ vjgidkdjgh‛.. • Jxdsjg nhs icmsjs nj Hpidhgjs< Imcc Imcc y Qu.. Qu
¸]uä shg cms hpidhgjs8 • Khnh nj mpcmzmr ugm dgvjrsdùg fmsm ihgmr ihg kís dgohrkmidùg. • Js ug ihgrmh jg vdrun njc iumc< • Yj ihkprm fhy fhy jc njrjifh m ihkprmr (Imcc), Imcc), h m vjgnjr (Qu), ug mitvh
gmgidjrh (Mitvh su`ymijgj), (Mitvh su`ymijgj ), ),jgm ug jc hpidùg), ouurh (_jgidkdjgh (_jgidkdjgh nj cm hpidùg prjidh njjrkdgmnh (Qrjidh (Qrjidh nj jljrididh jljrididh). ). • Qhr cm ihkprm nj jsj njrjifh sj pmbm ug prjidh ccmkmnh Qrdkm Qrdkm..
Hpidùg Imcc • Zgm Hpidùg Imcc js ug ihgrmh quj nm m su ihkprmnhr jc njrjifh, pjrh gh cm
h`cdbmidùg, m mug prjidh ihkprmr ug mitvh su`ymijgj prjnjjrkdgmnh h Qrjidh nj Jljrididh, jg h mgjs nj ugm ojifm ihgirjm njghkdgmnm –Ojifm nj • _jgidkdjgh‛. Jc vjgnjnhr nj cm Hpidùg Imcc tjgj cm h`cdbmidùg nj vjgnjr jc mitvh jg jc imsh nj quj jc ihkprmnhr jljrzm jc njrjifh m
ihkprmr.
Hpidùg Imcc • Cms Hpidhgjs gh pmbmg ndvdnjgnhs m sus jgjnhrjs. Qmrm ih`rmr ug ndvdnjgnh, jc jljrididh nj ug Imcc tjgj quj shcdidmrsj m kís mrnmr iumrh nëms fí`dcjs mgjs njc pmbh njc ndvdnjgnh. • Qhr jljkpch, sd sj tjgj ihkprmnm ugm Hpidùg nj ihkprm h –Imcc‛ y cm miidùg pmbm ndvdnjgnhs
ug lujvjs, pmrm rjid`dr chs mndvdnjgnhs nj`jrí jljrijr jc vdjrgjs mgjrdhr kís mrnmr, pmrm quj cm hpjrmidùg nj rjbdsrh jg @hcsm sj fmbm jc cugjs ihg jc iupùg dgicudnh, cdqudnígnhsj jc kmrjs y phr mgh sj jgbm njrjifh mc ndvdnjgnh.
Imsh rjmc (Imcc) Qrjidhs nj cms hpidhgjs nj ihkprm nj Bhhbcj (=9 nj kmyh nj 01=: Qrjidh nj cms miidhgjs< hojrtm :90.01, hojrtm :90.9>)
Yrdej Qrdij ($)
Lugj @dn
Lugj Hjr
Yjp @dn
Yjp Hjr
Nji @dn
Nji Hjr
>2:
:2.41
?=.61
??.11
?6.41
29.:1
2?.:1
:11
9>.61
92.=1
>:.41
>2.41
:>.41
:?.?1
:0: ::1
=?.21 :.?1
=2.91 ?.01
91.>1 =6.?1
9=.91 =4.>1
>1.01 06.=1
>=.=1 04.11
:2:
=.::
=.61
=1.:1
==.91
=6.61
01.01
Hpidùg Qut • Zgm Hpidùg Qu nm m su ihkprmnhr jc njrjifh, pjrh gh cm h`cdbmidùg, m vjgnjr
ug mitvh ug prjidhjgprjnjjrkdgmnh h Qrjidh nj mJljrididh, h mgjs nj ugm ojifm ihgirjm ccmkmnm –Ojifm nj _jgidkdjgh‛. • Jc vjgnjnhr nj cm Hpidùg Qu tjgj cm h`cdbmidùg nj ihkprmr jc mitvh jg imsh quj jc ihkprmnhr nj cm Hpidùg jljrzm jc njrjifh m vjgnjr jc mitvh.
Imsh rjmc (Qut) Qrjidhs nj cms hpidhgjs nj vjgtm nj Bhhbcj (0: nj lugdh nj 01=: Ythie Qrdij< hojrtm :90.01, hojrtm :90.9>)
Yrdej
Lugj
Lugj
Yjp
Yjp
Nji
Nji
Qrdij ($)
@dn
Hjr
@dn
Hjr
@dn
Hjr
>2:
1.4:
=.1:
:.:1
4.01
=0.:1
=:.01
:11
0.4:
9.91
=9.11
=9.61
0=.91
00.=1
:0: ::1
4.>1 00.41
4.41 0>.>1
00.>1 9:.01
09.01 9?.>1
9=.91 >>.=1
90.11 >:.11
:2:
>0.21
>:.61
:=.41
:9.:1
:4.21
?=.11
^hkmnh ^hkmnh nj< Ougnmkjgmcs ho Ouurjs mgn Hpthgs Kmrejs, 4f
Jn, If =, Ihpyrdbf © Lhfg I. Fucc 01=?
Icmsjs nj miidhgjs • Hpidùg jurhpjm< jurhpjm< Yùch pujnj jljrijrsj jg cm ojifm nj vjgidkdjgh jspjidimnm. • Hpidùg mkjrdimgm< mkjrdimgm< Qujnj jljrijrsj jg iumcqudjr khkjgh fmsm su ojifm nj vjgidkdjgh
Mitdvhs sh`rj chs quj sj mpcdimg • Ihkprjgnjg ugm brmg imgtnmn nj mitvhs h`ljh
(su`ymijgjs), (su`ymijg mcjs m) Mitv itvhsjs), Odg dgmg mgid idjjrhihkh< s • Miidhgjs, ndvdsms, msms nj dgjräs • Ëgndijs miidhgmrdhs - sh`rj
ouurhs
`) Hrhs Mi Mitvhs • Qrhnuihs mbrëihcms. • Ihkkhndtjs (Qjrùcjh, ih`rj, hrh, ji.)
^jrkdghchbëm utdcdzmnm • Cmrbh jg ugm hpidùg< hpidùg< Js qudjg tjgj jc njrjifh quj hhrbm cm Hpidùg (m ihkprmr h vjgnjr) Njghkdgmnh jgjnhr nj hpidùg •
Hpidùg cmrbm jg hpidùg nj ihkprm ; ^jgjnhr hpidùg nj ihkprm
•
Hpidùg cmrbm jg hpidùg nj vjgm ; ^jgjnhr hpidùg nj vjgm
• Ihrh jg ugm hpidùg< hpidùg< Js qudjg tjgj cm h`cdbmidùg quj hhrbm cm Hpidùg (m ihkprmr h vjgnjr) Njghkdgmnh cmgzmnhr nj cm hpidùg • Hpidùg ihrm jg hpidùg nj ihkprm ; Cmgzmnhr nj cm hpidùg nj ihkprm • Hpidùg ihrm jg hpidùg nj vjgm ; Cmgzmnhr nj hpidùg nj n j vjgm
^jrkdghchbëm utdcdzmnm jg jc ihgtrmth • Mitvh H`ljh< Mitvh ihgrmh ihgrmh nj cm hpidùg. • Qrjidh nj Jljrididh (Yrdej Qrdij)< Js jc prjidh jstpucmnh jg jc ihgrmh
mc quj sj jojiüm jc njrjifh quj nm cm hpidùg. • Qrdkm< Js jc Qrjidh nj cm hpidùg . • Jljrididh< Yj rjjrj m cm njidsdùg njc jgjnhr (Ihkprmnhr) nj rjqujrdr mc (h hCmgzmnhr) (njjkdshr ihkprmr vjgnjr). quj iukpcm ihg cms ihgndidhgjs njc ihgrmh • Qcmzh< Js jc pjrdhnh nj tjkph jg jc iumc sj pujnj jljrijr cm hpidùg.
^jrkdghchbëm utdcdzmnm jg jc ihgtrmth • @rjme Jvjg Qhdg< Js jc _mchr quj nj`j jgjr jc Mitvh H`ljh pmrm quj jc ^jgjnhr ^jgjnhr nj cm hpidùg gh jgbm utcdnmn gd pjrndnms. Q Qmbm mbm jc ihs ihsh h nj
cm Qrdkm. • Dg fj Khgjy< Mqujccm hpidùg quj prhnuij ug ulh nj imlm phsdtvh sd oujsj jljridnm dgkjndmmkjg dgkjndmmkjgj. j. • M fj khgjy< Qrhnuij ug ulh nj imlm ijrh sd js jljridnm dgkjndmmkjgj. • Hu ho fj Khgjy< Qrhnuij ug ulh nj imlm gjbmtv gj bmtvh h sd js jljridnm.
^jrkdghchbëm utdcdzmnm jg jc ihgtrmth • _mchr Dgrëgsjih< Js jc kíxdkh jgrj ijrh y jc vmchr quj jgnrëm cm hpidùg sd oujsj jljridnm dgkjndmmkjg dgkjndmmkjgj. j. • _mchr tjkph< Js cm pmrj njc vmchr nj cm hpidùg quj sj mrd`uyj mc tjkph rjkmgjgj quj tjgj cm hpidùg fmsm su vjgidkdjgh.
Qrdkm ; _mchr Dgrëgsjih + _mchr ^djkph
Omithrjs quj mojitmg cm prdkm • Omihr Omihrjs js nj chs quj njpjgnj cm prdkm< m) `) i) n)
_mchr mchr njc njc mitv mitvh h h`lj h`ljh h Qrjidh idh nj nj jlj jljrridid ididh h ^djkph _hcmtcdnmn
jo)) ^Nmdvsmdnnj njjgndg dghsjräs
Omithrjs quj mojitmg cm prdkm m) _mchr mchr nj njcc mmit itvh vh h` h`lj ljh h • M kmyhr prjidh njc mitvh h`ljh kmyhr sjrí jc prjidh nj cm Imcc. • M kmyhr prjidh njc mitvh h`ljh kjghr sjrí jc prjidh nj cm Qu.
Qrjidh nj cm Qut
Qrjidh nj cm Imcc
Imcc
Mitdvh H`ljth
Qut
Mitdvh H`ljth
Omithrjs quj mojitmg cm prdkm `) Qr Qrji jidh dh nj Jl Jljr jrid idid idh h • M kmyhr prjidh nj jljrididh kjghr sjrí jc prjidh nj cm Imcc (pujs js prh`m`cj quj pujnm ihkprmr jc mitvh su`ymijgj m ug prjidh kjghr mc njc prjidh nj jljrididh) • M kjghr prjidh prjidh nj jljrididh kjghr sjrí jc pr prjidh jidh nj cm Qu (pujs js prh`m`cj quj pujnm vjgnjr phr jgidkm njc prjidh nj jljrididh)
Qrjidh nj cm Qut
Qrjidh nj cm Imcc
Imcc
Qrjidh nj jljrididh
Qrjidh nj jljrididh
Qut
Omithrjs quj mojitmg cm prdkm i) Qcm Qcmzh zh mc vjg vjgidk idkdjg djgh h (Hp (Hpidù idùg gM Mkjr kjrdim dimgm) gm) •
M kmyhr pcmzh mc vjgidkdjgh kmyhr sjrí jc prjidh nj cm Imcc y nj cm Qu.
Qrjidh nj
Qrjidh nj
cm Imcc
cm Qut
Imcc
Qcmzh mc vjgidkdjgth
Qut
Qcmzh mc vjgidkdjgth
Omithrjs quj mojitmg cm prdkm n) ^msm nj dg dgj jrä räss •
M kmyhr msm nj dgjräs cd`rj nj rdjsbh kmyhr sjrí jc prjidh nj cm Imcc.
•
M kmyhr msm nj dgjräs cd`rj nj rdjsbh kjghr sjrí jc prjidh nj cm Qu.
Qrjidh nj cm Imcc
Qrjidh cm Qutnj
^msm nj dgtjräs
^msm nj dgtjräs
Imcc
Qut
Omithrjs quj mojitmg cm prdkm j) Ndvdnjgnhs Jxrmjg pmrj nj chs ulhs dgicudnhs jg chs prjidhs nj cm miidùg. Mc pmbmrsj jc jc prjidh mitvh (phs ndvdnjgnh).-Cms hpidhgjs Imcc ndvdnjgnh `mlmríg, cms`mlm hpidhgjs Qunjc su`dríg njh`ljh prjidh.-
Qrjidh nj
Qrjidh nj
cm Imcc
cm Qut
Ndvdnjgnhs
Imcc
Ndvdnjgnhs
Qut
Omithrjs quj mojitmg cm prdkm Imcc
Qut
Imcc
Jurhpjm
Qut
Mkjrdimgm
Qrjidh nj cm
+
-
+
-
miidùg Qrjidh nj jljrididh
-
+
-
+
Ojifm nj
8
8
+
+
vjgidkdjgth _hcmtdcdnmn
+
+
+
+
^msm n njj dgtjräs
+
-
+
-
Ndvdnjgnhs
-
+
-
+
@jgjodidh nj vjgtm nj Imcc @jgjidh nj ihkprmr ugm hpidùg Imcc jurhpjm< prjidh nj hpidùg ; $ :, prjidh nj jljrididh ; $ =11. 91 Qrhodt ($) 01 =1 21 1 -:
61
41
=11
^jrkdgmc sthie prdij ($) ==1 =01 =91
@jgjodidh nj vjgtm nj Imcc @jgjidh nj vjgnjr ugm hpidùg Imcc jurhpjm< prjidh nj hpidùg ; $ :, prjidh nj jljrididh ; $ =11. Qrhodt ($) ==1 =01 =91
: 1 -=1 -01 -91
21
61
41 =11
^jrkdgmc sthie prdij ($)
@jgjodidh nj ihkprm nj Qut @jgjidh nj ihkprmr ugm hpidùg Qu jurhpjm< prjidh nj hpidùg ; $ 2, prjidh nj jljrididh ; $ 21. 91 Qrhodt ($) 01 =1 1 -2
^jrkdgmc sthie prdij ($) >1
:1
?1
21
61
41 =11
@jgjodidh nj vjgtm nj Qut @jgjidh nj vjgnjr ugm hpidùg Qu jurhpjm< prjidh nj hpidùg ; $ 2, prjidh nj jljrididh ; $ 21. Qrhodt ($) 2 1 -=1 -01 -91
>1
:1
^jrkdgmc sthie prdij ($)
?1 21
61
41 =11
@jgjodidhs nj cms hpidhgjs ¸Iuíc js cm phsdidùg nj cm hpidùg jg imnm imsh8 @jgjodidh
@jgjodidh E
E
Y ^
@jgjodidh
Y ^
E ; Qrjidh nj jljrididh, Y^ ; Qrjidh njc mitvh mc vjgidkdjgh
@jgjodidh E
E
Y ^
Y ^
Jljrididhs nj rjohrzmkdjgth Jljrididh = Zg dgvjrsdhgdsm ihkprm :1 hpidhgjs Imcc sh`rj miidhgjs nj Kdirhsh, ihg vjgidkdjgh jg sjptjk`rj, prjidh sdnj jljrididh nj , $jc?1, prdkm nj =11 miidhgjs). ¸Iuíc js cm bmgmgidm h pärndnm mc vjgidkdjgh, vjgidkdjgh prjidh sphnj js$m)>.: $ ?9(chjs y `) :28
Jljrididhs nj rjohrzmkdjgth Jljrididh 0 Zg dgvjrsdhgdsm ihkprm :1 hpidhgjs Qu sh`rj miidhgjs nj Kdirhsh, ihg vjgidkdjgh jg sjptjk`rj, prjidh sdnj jljrididh nj , $jc?1, prdkm nj =11 miidhgjs). ¸Iuíc js cm bmgmgidm h pärndnm mc vjgidkdjgh, vjgidkdjgh prjidh sphnj js$m)0.: $ ?9(chjs y `) :28
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