采用cosolidation 合并報(bào)表的時(shí)候 investment item變成0 是不是相當(dāng)于把這部分變化值加到了母公司原equity中？ 比如說原來母公司的報(bào)表中 investment是320 equity是1000 現(xiàn)在合并報(bào)表了用consolidation法 相當(dāng)于investment變成了0 equity變成1320？
第21題，謝謝
第9題，短期的rf=9%，長期的是7%，短期ERP不是比長期的小嗎？所以短期的r小，不是選B嗎？這個(gè)bias xxx該如何理解呢？
請問一下，請問一下，corporate finance 里面不同年限的project 比較，那個(gè)eaa怎么算？就是pv知道，i/y知道，怎么求pmt？不是用公式pmt=pv*i嗎？為什么28.93求的pmt是16.66
請問老師，這邊的9%是怎么來的？
為什么可轉(zhuǎn)債也是用利率二叉樹來估值？
老師您好， 我想問一下Fx上升意味本幣升值嗎？ 比如說6.2RMB/ $變到6.8RMB/$。 FX 上升但是RMB 本幣貶值。 謝謝。
這倆圖中，S0與X的大小關(guān)系，是任意的嗎？ 謝謝
Make to market value的意義是什么？為什么要通過反向計(jì)算來求這個(gè)價(jià)值？
Comment?2: There is a difference between the pricing and the valuation of forward commitments. Pricing involves determining the appropriate forward commitment price or rate, typically after it has been initiated. Valuation involves determining the appropriate rate of the forward commitment when initiating the contract. 解答， B is correct. Characteristic 2 is incorrect. The conversion factor in a futures contract does not apply to accrued interest. It is a mathematical adjustment to the amount required when settling a futures contract that is supposed to make all eligible bonds equal the same amount—for example, adjust each bond to an equivalent 6% coupon bond. When multiple bonds can be delivered for a particular maturity of a futures contract, a cheapest-to-deliver bond typically emerges after adjusting for the conversion factor. 麻煩老師解釋下，謝謝！
Comment?2: There is a difference between the pricing and the valuation of forward commitments. Pricing involves determining the appropriate forward commitment price or rate, typically after it has been initiated. Valuation involves determining the appropriate rate of the forward commitment when initiating the contract. 解答， B is correct. Characteristic 2 is incorrect. The conversion factor in a futures contract does not apply to accrued interest. It is a mathematical adjustment to the amount required when settling a futures contract that is supposed to make all eligible bonds equal the same amount—for example, adjust each bond to an equivalent 6% coupon bond. When multiple bonds can be delivered for a particular maturity of a futures contract, a cheapest-to-deliver bond typically emerges after adjusting for the conversion factor. 麻煩老師解釋下，謝謝！
增加benchmark portfolio不會(huì)改變IR，但return和risk會(huì)等比例增加，這個(gè)懂…但第二問，為什么賣出100%benchmark？
為什么零波動(dòng)率利差，不受波動(dòng)率影響。？謝謝
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