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• Main Authors: Chiou-ching Lee, 李鍬卿
• Other Authors: Ting-pin Wu
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/31726106585608248256

碩士 === 國立中央大學 === 財務金融學系在職專班 === 103 === Nowadays, there are plenty of financial product called “structure product”. With structure product, investors can have any kinds of payoff if they want. In this paper, I analyze different type of product and demonstrate the payoff under different scenarios. The principal guarantee note(PGN)、high-yield note(HYN) and the product not belonged to PNG and HYN. All the result by Monte Carlo Simulation、backtest and historical simulation yield high possibility of gaining money. However, the higher chance to win, the higher risks you have to take. Do not forget the lessons from the tragedy in 2008 financial crisis. The ultimate goal of my research is to deliver the fact that those products are not as good as they look like. In summary, each investors should do risk examination before buying the product so that the tragedy of financial crisis would not happen again.