[] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [ 137 ] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] [170] [171] [172] [173] [174] [175] [176] [177] [178] [179] [180] [181] [182] [183] [184] [185] [186] [187] [188] [189] [190] [191] [192] [193] [194]


137

/ 1946 1987 . , . . -14-15 (. 410-411).

. 20 , . ( 1 , 3 , 6 12 ). , , (- ) ( Standard 8 Poors 500). .

, , - . 40 , - / 0.75 , ( Standard 8 Poors 500) 1.78% , 6.04% 3 , 11.42% 6 22.92% . . -16 (. 412) . , , 3 0.75 , . , 1974 0.75 . , , .



. -14:

/

/ -

: 1946 - 1987

1

3

6

12

0.000 0.221 0.266 0.290 0.315 0.337 0.361 0.382 0.401 0.424 0.448 0.474 0.504 0.535 0.564 0.607 0.654 0.712 0.804 1.000

0.221 0.266 0.290 0.315 0.337 0.361 0.382 0.401 0.424 0.448 0.474 0.504 0.535 0.564 0.607 0.654 0.712 0.804 1.000 2.223

« », «», « », «», « », «», « » .



. -15:

/

/

- : 1946 - 1987

1

3

6

12

0.000 0.267 0.304 0.329 0.347 0.364 0.383 0.401 0.422 0.445 0.467 0.489 0.508 0.528 0.552 0.582 0.622 0.666 0.742 0.943

0.267 0.304 0.529 0.347 0.364 0.383 0.401 0.422 0.445 0.467 0.489 0.503 0.528 0.552 0.582 0.622 0.666 0.742 0.943 1.549

« », «», « », «», « », «», « » .

[] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [ 137 ] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] [170] [171] [172] [173] [174] [175] [176] [177] [178] [179] [180] [181] [182] [183] [184] [185] [186] [187] [188] [189] [190] [191] [192] [193] [194]