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新概念英语1-L133-134课件1Let’

share!2What’s

the

most

sensational

news

youhave

ever

heard?Video:

the

latest

newsNew

words

and

expressions3reporter

[ri'pɔ:tə] n.记者sensational

[sen'seiʃənəl]adj.爆炸性的,耸人听闻的mink

coat['miŋk-kəut]

貂皮大衣456New

words

and

expressions7n.记者reporter

[ri'pɔ:tə]adj.爆炸性的,耸人听闻的sensational

[sen'seiʃənəl]貂皮大衣mink

coat['miŋk-kəut]直接引语变间接引语直接引语He

said,”I

like

English

verymuch.”间接引语

He

said

that

he

liked

Englishvery8much.直接转述别人的话,用引号。用自己的话转述别人的话。一般情况下是宾语从句(1)人称的变化She

says,

“I

am

a

busdriver.”→She

says

(that)

she

is

a

bus

driver.He

says,

“My

mother

will

come

backtomorrow.”→

He

says

(that)his

mother

will

come

backtomorrow.Tom

says,“You

are

a

good

student.”→

Tom

says

I

ama

goodstudent.9时态变化10指示代词,时间状语,地点状语的11Text12Do

you

still

remember

Karen

Marsh?What

is

she?How

old

is

she?What

reasons

did

Karen

Marsh

give

for

wantingtoretire?Because

she

said

she

felt

very

tired.13Further

Questions

:1.Whois

thereporter?AlanJonesYes,

she

has.Has

she

just

made

a

newfilm?Is

she

going

to

make

anotherfilm?No,

she

isn’t.What

is

she

going

to

do? She

is

going

to

retire.How

does

she

feel?

She

feels

tired.6.

Does

she

want

to

make

another

film

for

a

longtime?No,

she

doesn’t.14REPORTER:Have

you

just

made

a

new

film,

MissMarsh?MISS

MARSH:

Yes,

Ihave.REPORTER:

Are

you

going

to

make

another?MISS

MARSH:

No,

I'm

not.make

a

film拍电影时态:现在完成时WhyI'm

going

to

retire.?另一another

(film)for+时间段表时间持续长短I

feel

very

tired.I

don’t

want

to

make

another

film

for

alongtime.15She

says,

“I

have

just

made

a

newfilm.”She

says

that

she

has

just

made

a

newfilm.She

says,

“I'm

not

going

to

makeanother.”She

says

that

she

is

not

going

to

makeanother.She

says,

“I'm

going

to

retire.”She

says

that

she

is

going

to

retire.”She

says,

I

feel

very

tired.”She

says

that

she

feels

verytired.She

says,

I

don't

want

to

make

another

filmfor

alongtime.She

says

she

doesn’t

want

to

make

another

filmfor

along

time

.16She

said,

“I

have

just

made

a

newfilm.”She

said

that

she

had

just

made

a

newfilm.She

said,

“I'm

not

going

to

makeanother.”She

said

that

she

was

not

going

to

makeanother.She

said,

“I'm

going

to

retire.”She

said

that

she

was

going

to

retire.”She

said,

I

feel

very

tired.”She

said

that

she

felt

very

tiredShe

said,

I

don't

want

to

make

another

film

for

along

time.She

said

she

didn’t

want

to

make

another

film

for

along

time

.17Listen

to

this!would

like

sb.

to

do

sth.KATE:

Let's

buy

a

newspaper,

Llisten为lelistenha+de.g后.面lo‘Karen

Marsh:

SensationalNeawsktell

sb.to

dosth.By

our

reporter,AlanJones.want

sb.

to

do

sth.iz.不t

及物动词sb.do

sth.

prbetterep.+宾语do

sth.接ok不定式的动词:/arrives!sb.

todo

sth.引出作者名Karen

Marsh

arrived

at

London

Airporttoday.She

was

wearing

a

blue

dress

and

a

minkcoat.wear

状态

=

be

dressed

input

on穿上18She

told

meshe

had

just

made

a

newfilm.She

saidshe

was

not

going

to

makeanother.She

saidshe

was

going

to

retire.she

felt

very

tiredShe

toldreportersanddidn't

want

to

make

another

film

for

a

long

time.19I

wonder

why!20wonder“不知道,想知道”我想知道你为什么不想回家I

wonder

why

you

didn’t

want

to

go

home.我想知道她是谁。(宾语从句要用陈述语序)I

wonder

who

she

is.Let’s

make

sentence:I

wonder

…Pair

work:21头脑风暴!A: (Make

sentences!)B: A

said

(that)…语法归纳:引导词:性质:宾语从句人称:一随主,二随宾,三不变时态:主句为一般过去时态,从句相应的变化陈述句用that22一般疑问句用if或whether特殊疑问句用特殊疑问词祈使句:

tell

sb.

to

do

s.thask

sb.

to

do

s.thorder

sb.

to

do

s.thPractice:23He

said,“My

brother

failed

in

the

exam.”

Hesaid

hisbrother

had

failed

in

theexam.He

said

to

Mary,“

How

is

your

mothernow?” heaskedMaryhow

hermother

wasthen.My

teacher

said,

‘‘

she

is

a

good

student.

’’ Myteachersaid

shweas

a

goodstudentHe

said

to

me,“

I’ve

left

her

book

inyour

room”Hetoldmethat

hheadleft

hbeorokin

mryoom.练习:1.

“I

never

eat

meat.”

hesaid.He Jim

thathe sit

there.24He

said

that

he

never

ate

meat.“I

met

her

yesterday.”he

told

me.He

told

methathe

had

met

her

yesterday.He

said,

“You

can

sit

here,Jim.”told

could5.

“Do

you

know

where

she

lives?”heasked.Heasked knew

where

she.6.

“Stop

making

so

much

noise,

children.”

he

said.He the

childrenmaking

so

muchnoise.7.

“Don’t

tell

him

the

news.”shesaid.She

told

mehim

thenews.8.

“Are

you

interested

in

this?”

he

said.He I

was

interested

in.25if/whether

Ilivedtold

to

stopnot

totellasked

if/whetherthatJack

said

to

me, “You

lookworried today.”Jacktoldmethat

worried

.helooks…todayyoulook…todaywe

looked…thatdayI

looked…that

dayExercise

II262.

We

said

to

her,

“They’re

walking

through

thestreet.”Wetoldherthat

through

the

street.CD.we

were

walking…thenyou

are

walking…now.they

were

walking…thenthey

walking…now27Jack

said

to

her,

“Where

do

you

spend your

holidays?”Jackaskedherwhere

holidays.she

spent

heryou

spend

yourshe

spend

heryou

spent

your289.

Black

asked

me,

Why

haven’t

you

left

here

yet?”yet.Black

asked

me

whyI

hadn’t

leftthereI

haven’t

left

herehadn’t

I

lefttherehaven’t

I

left

here29Homework301.课文背诵2.单词抄写5+3.趣配音第六章 信用风险度量模型——期权推理分析法31期权应用举例:信用风险度量32期权推理分析法(Option-theoretic

Approach):KMV模型(一)原理1、贷款与期权的关系假设企业借款额为OB,贷款到期时该企业的资产市值为OA2,如图3所示。在这种情况下,企业将归还这笔贷款,并且企业的股东还会得到资产增值部分。贷款到期时,企业资产的市值越

大,企业留给股东的资产增值就越大。反之,如果企业资产市值低于OB(如OA1),则借款者资不抵债破产,只能把企业资产交给银行来处置。从图4中可以看出,如果企业资产市值降到借款总额B以下的某一点(如L,OL相当于企业的资产市值),因为借款人的责任以其自身财产为限,所以借款人一旦破产,其最大的损失就是自身的资产OL,这时他会选择破产而不是偿还贷款。

因此,可以将借款企业股东的股权市值头寸看成持有一份以企业资产市值为标的的看涨期权。期权应用举例:信用风险度量股权价值E0-L33A1BA2资产价值期权应用举例:信用风险度量2、企业股权市值与其资产市值之间的关系根据布莱克-斯科尔斯-默顿模型中股票看涨期权定价原理,企业股权市值可由下式来估价:(9)式(9)中,A是资产市值,B是贷款总额,r是短期利率,是企业资产市值的波动性,

是股票看跌期权的到期日或在贷款情形下指贷款期限(或违约期限)。在所有变量中,符号上方加一横线是可以从市场上观察到的。上式表示企业股权市值与它的资产市值之间的关系。如果能得到企业资产市值的波动性 ,就可以算出企业资产的市值,从而结合二者得到借款企业的理论预期违约概率,对贷款的信用风险作出评价。34期权应用举例:信用风险度量由于企业股权市值的波动性( )与它资产市值波动性之间存在理论关系式:(10)而股权市值的波动性 是可以在市场上观察到的,因此,将式(9)与(10)联立,通过连续的迭代,便可最终求出A值和值。在式(9)中,B也为违约执行点,它的数量是企业所有短期负债(一年或一年以下)和50%的长期债务账面值。 为债务到期日,通常设定为一年。一旦A值和 值计算出来,B值和

值确定后,便可计算出理论预期违约频率的值了。假设某

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