For instance, the risk of refinancing at a high price began to emerge when the stock market index surged past 5000 points.

例如，当股市指数超过5000点的时候，高位再融资的风险开始显现。

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The stock market went through the roof. From July 1982 through August 2000, the S&P 500 stock price index grew at an average annual real rate of over 12%.

从1982年7月到2000年8月，标普500股指以平均每年12%的速度增长。

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Corresponding to hedgers' transferring price risk and abandoning risk earnings, the speculators in the stock index futures market shall intentionally take the risk from hedgers in pursuit of profit.

与套期保值者转移价格风险、放弃风险收益的属性相对应，股指期货市场中的投机者就是承担价格风险和追逐风险收益。

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Indexed options work similarly to traditional stock options, with one exception: Rather than having the exercise price fixed at the market price on the date of grant, the exercise price varies based on the change in an appropriate stock market index, e.g.

FORBES: How To Salvage Stock Options

Peugeot, a founding member of the main French stock market index, the Cac-40, was demoted last year as a result of its tumbling share price.

BBC: Peugeot writes off 4bn euros as car market worsens