                                         573

 

 () . 18.1    ,    -
       
          
 $1,0.    ,       
/ = 1     $10 ($1,0/0,1).     , 
 ,   11% (1,10/$10),      
,         .

  11%        :

   10%     1%,   
,     ($0,1/$ 10).   -
,     ,     -
        11%,    1%.

 

 () . 18.1   .  -
,          
. ,         ,   -
  $1,10  .  ,    t = 1  
  $11 ($1,10/0,10).       
  21%,        $11.   -
   11% ($1,10/$10)   ,  10% ($1/$10)    
 .

     10%  -   -
     .     ,  -
        .  1% -
         [   ()],
   1% ($0,10/$10)     
10% ($1/$10)       .   
  ,        -
,  10%.      -
    21%,    11%.

 

 () . 18.1   .  ,
         
(..  $1,00  $1,05  $1,10).        -
 16%    11% ($1,10/$10)     5% ($0,50/$10)   
  .

 ,      $10,50 ($1,05/0,10)  -
  ?= 1,   ,        
,        $11 ($1,10/0,10).  
   ,     
.        -
   16%,    6%.

 ,     ,    -
   -15.    -
   k*       -
   (,  ),     () . 18.1. 
    ,      ,  
 .        , -
      .    