金程問(wèn)答
問(wèn)題的表格信息如圖 Q. The performance attribution in Exhibit 1 most likely shows that: A. Fund 1 added value through asset allocation, and Fund 2 added value through security selection. B. Fund 1 added value through security selection and asset allocation. C. Fund 2 underperformed through asset allocation. 老師請(qǐng)解釋下這個(gè)C為什么錯(cuò)? 他是什么意思呢 C is incorrect because although Balanced Fund 1 did add value through security selection, Balanced Fund 2 underperformed both the equity and bond benchmarks. 謝謝
接著上一個(gè)問(wèn)題 解釋是: Solution A is correct. Morgan’s recommendations to implement a trade that steepens the yield curve in the midst of the recession is consistent with the economic cycle. The yield curve typically steepens when the economy is in recession. But given that value stocks are likely to outperform growth stocks and that small-cap stocks are likely to outperform large-cap stocks in the immediate aftermath of a recession, Morgan’s recommendation regarding growth equities is less likely to succeed. C is incorrect because large cap stocks tend to outperform going into and during a recession, but small cap stocks tend to outperform coming out of a recession. B is incorrect because yield curves tend to steepen during a recession, so the recommendation to implement a yield curve steepening trade now is consistent with the economic cycle. 請(qǐng)老師解釋下A正確的那一段話, 看不太懂... 謝謝!
請(qǐng)老師解釋下為什么是ex ante？ 謝謝，
warrant執(zhí)行的話，是公司發(fā)行新的股給他們，還是以現(xiàn)有outstanding 的stock低價(jià)給他們？
老師您好。mm1理論。 第一張圖片是教材書(shū)上的，說(shuō)是經(jīng)營(yíng)現(xiàn)金流， 第二張圖片是講義上的，寫的又是自由現(xiàn)金流。 這個(gè)mm理論主要的核心意思是要表達(dá)公司價(jià)值就只跟未來(lái)現(xiàn)金流以及各個(gè)現(xiàn)金流的風(fēng)險(xiǎn)(折現(xiàn)率)有關(guān)，但是這個(gè)未來(lái)現(xiàn)金流到底指的是未來(lái)的經(jīng)營(yíng)現(xiàn)金流，還是未來(lái)的自由現(xiàn)金流，謝謝。
老師您好。mm1理論。 第一張圖片是教材書(shū)上的，說(shuō)是經(jīng)營(yíng)現(xiàn)金流， 第二張圖片是講義上的，寫的又是自由現(xiàn)金流。 這個(gè)mm理論主要的核心意思是要表達(dá)公司價(jià)值就知只跟未來(lái)現(xiàn)金流以及各個(gè)現(xiàn)金流的風(fēng)險(xiǎn)(折現(xiàn)率)有關(guān)，但是這個(gè)未來(lái)現(xiàn)金流到底指的是未來(lái)的經(jīng)營(yíng)現(xiàn)金流，還是未來(lái)的自由現(xiàn)金流，謝謝。
請(qǐng)問(wèn)一下，最小二乘法算出來(lái)的b1是估計(jì)的樣本統(tǒng)計(jì)量嗎？回歸方程里的b1 b0是估計(jì)量，對(duì)嗎
ppt112 Q3，既然dividend sigma=0，那d1跟d2的adjustment也就是0了，為什么不選A？
老師您好，麻煩您解釋一下。在第五年的時(shí)候，計(jì)算現(xiàn)金流，最后為什么要加上那個(gè)殘值？ 給個(gè)公式中就是用ebit×括號(hào)1減t，再加回折舊就可以了，這個(gè)殘值為什么要加呢？ 如果是處置資產(chǎn)的話，那應(yīng)該也是還要加上稅后的利得呀？ ，謝謝。
Hello instructor, I want to know why the real interest rates are higher in an economy in which GDP growth is more volatile compared with that in an economy in which growth is more stable. Thanks?
Hello instructor, I want to know why the real interest rates are higher in an economy in which GDP growth is more volatile compared with that in an economy in which growth is more stable. Thanks?
老師您好，這個(gè)方法請(qǐng)您解釋一下，完全看不懂他要想表達(dá)的什么意思？
老師，我知道是借什么投什么。 但是不會(huì)方框中的為什么是buy? 每次遇到這種買哪個(gè)貨幣賣哪個(gè)貨幣。。。我都幾乎會(huì)搞反，請(qǐng)老師指點(diǎn)，謝謝！
老師您好，請(qǐng)您解釋一下方框，謝謝。
老師您好，請(qǐng)您解釋一下方框中的幾個(gè)公式，以及第二張圖片中的這個(gè)例題，謝謝。
程寶問(wèn)答
