金程問(wèn)答
老師 如果這里第一題給的是 equity 和其他asset具有l(wèi)ow diverification可以嗎
老師 stat 3 提到的Dominica是指這個(gè)公司嗎 所以是整個(gè)fund 對(duì)公司的 contribution 所以是macro？
老師，goal 2 這部分計(jì)算的轉(zhuǎn)化有個(gè)問(wèn)題，助教老師之前的回答見(jiàn)截圖，其中我標(biāo)黃的這部分有些疑問(wèn)。我們通過(guò)用PMT / (1+g)確實(shí)可以讓分母部分的I/Y = 【(1+r)/(1+g)】^10，但是這里為了匹配I/Y的冪，我們多除了一個(gè)（1+g）這部分為什么不需要調(diào)整回去？類似變成：PMT(1+g) / 【(1+r)/(1+g)】^10 ,而是直接使用了 PMT(10萬(wàn)） / (1+g) = 98087.38作為 PMT的輸入值
這里最后減去的是一個(gè)看跌期權(quán)啊，是寫(xiě)錯(cuò)了嗎
在life insurance中，policy holder、insurer、beneficiary各是什么？這個(gè)題答案中說(shuō)壽險(xiǎn)可以讓policy holder把a(bǔ)sset transfer to insurer，這倆不是同一個(gè)人嗎？應(yīng)該是讓policy holder transfer asset to beneficiary吧
第三題，為何不用表格1里面的稅率，NY state tax-exempt bond 沒(méi)說(shuō) federal income tax 也是0 ?。?
rebalance和SAA區(qū)別
short sell 和 security lending 是一個(gè)意思嗎？short sell 是借入股票后賣出，老師這里說(shuō)的 seller主動(dòng)找 borrower融資，這個(gè)也叫security lending?
老師，這題讓indicate，是不是要先說(shuō)明二選一哪一個(gè)國(guó)家會(huì)看到貨幣升值？然后解釋原因？我這么答能不能得分: country X is more likely to experience an appreciate in local currency. Because: 1) Recall the covered interest rate parity, real interest rate should be the same across countries, as country X has a lower inflation rate, it is more likely to have an appreciation in local currency. 2) As new law's that allows foreign direct investment has been passed in country X, international capital is more easily inflowing to country X which could exert local currency appriciation. 3) The current account surplus of country X pushes it's local currency to appreciate. 4) Although country Y has a higher expected GDP growth and government bond rate, which seems more attractive for international capital to inflow to lead local currency appreciation, the deny of direct foreign investment law offset this advantage. Thus country x is more likely to have a currency appriciation.
老師，human life保額計(jì)算這里。都是用1.94做I/Y折的嗎？收入、支出我看都是用的這個(gè)折現(xiàn)率。什么情況下需要注意用5來(lái)折？
第一問(wèn) inclusion of fix income asset class是什么方法呀？我在CME LM2只看到前兩種方法
老師 請(qǐng)問(wèn)什么是representative bias
所以第四題應(yīng)該怎么回答？解析和視頻不一樣
在收益率曲線平行上移時(shí)，而久期不變情況下，應(yīng)增加凸性；在收益率曲線不變時(shí)，凸性好處無(wú)法體現(xiàn)，減少凸性減少成本；在收益率曲線下降時(shí)呢？應(yīng)該增大凸性還是減少凸性？
老師，關(guān)于ESOP課后題答案中說(shuō)將失去對(duì)公司控制權(quán)，講義上說(shuō)會(huì)保留對(duì)公司控制權(quán)，哪個(gè)對(duì)呢？如果能保留對(duì)公司控制權(quán)，那這道課后題是不是用ESOP和personal load secured by 公司股票都可以呢
程寶問(wèn)答
