At last, the thesis proceeds from psychology of investor's investment decision and sets up the conversion ratio model, and then concludes that the conversion ratio is endogenous variable.

最后，论文从投资者投资决策心理出发建立转换比率模型，得到转换比率是内生变量的结论。

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These are policies which promise to pay out a supposedly fixed sum to the policy holder's inheritors when the customer eventually dies, with the payment coming from the investment proceeds of the person's monthly premiums.

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Proceeds from the new bank loan, the bond sales and the Fiat investment will be used to repay the government loans.

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