【金融经济学---毕设翻译用---外文文献】constantinides-z99inter-fig.pdf

文档介绍：Figure 1
Smile on SP 500 on March 19, 1999 from 1-Month Options
60
50
40
30
20
10
0

Figure 2
Smile on SP 500 on March 19, 1999 from 6-Month Options
50
45
40
35
30
25
20
15
10
5
0

Figure 3
Bounds on the Slope of the Smile on 1-Month Options
with ATM Vol. % and RRA Coefficient
50
40
30 Proposed
Non-Arbitrage
20 Proposed
Non-Arbitrage
10
Observed
0
-10
-20
-30

Figure 4
Bounds on the Slope of the Smile on 6-Month Options
with ATM Vol. % and RRA Coefficient
4
3
2 Proposed
Non-Arbitrage
1 Proposed
Non-Arbitrage
0 Observed
-1
-2
-3

Figure 5
Bounds on the Slope of the Smile on 1-Month Options
with ATM Vol. % and RRA Coefficient
50
40
30 Proposed
Non-Arbitr