老師，請問書本219頁第七題答案A和C也能獲利，為什么bullet是highset?三者如何計算和判斷？
老師，請問書本298頁第六題答案Spread sensitivity is the effect on credit spreads of large withdraw-als by investors from credit funds. Spread sensitivity can be measured as the spread widening (in basis points) divided by the percentage outflow from high- yield funds (funds withdrawn divided by assets under management). A decrease in the spread sensitivity to fund outflows would most likely indicate an increase in liquidity.是什么意思？不太理解？
如果客戶執(zhí)意要買，而且影響很小，那么購買與IPS不符的產(chǎn)品結(jié)構(gòu)是否需要得到客戶的書面說明？
老師 請問這道題為什么選2呢 組合2的money duration并沒有超過liability的money duration，如果是說差不多也可以的話，那什么范圍內(nèi)算是closely match呢
老師，請問書本217頁第一題答案 Riding the yield curve differs from buy and hold in that the manager is expecting to add to returns by selling the security at a lower yield at the horizon. This strategy may be particularly effective if the portfolio manager targets portions of the yield curve that are relatively steep and where price appreciation resulting from the bond’s migration to maturity can be significant.是什么意思？ hold and buy和riding the curve如何區(qū)分？有沒有時間的限定？hold 可以是任何年限，riding也是任何年限嗎？那一年期限的是不是兩個就沒有區(qū)別？能否詳細講解一下兩者的概念和異同點？有些分不清楚？
老師，請問書本300頁第十五題答案As correlations increase, the values of the mezza-nine tranches usually increase relative to the values of the senior and equity tranches，課件視頻中說subordinated ranches比senior好，那是不是mezzanin比subordinated好？
老師，請問書本300頁第十一題答案 Once the credit universe has been divided into sectors, the investor identifies the bonds with the best relative value within each sector是什么意思？不太理解？
老師，請問書本300頁第十題答案A benefit of the G- spread is that when the maturity of the credit security differs from that of the benchmark bond, the yields of two government bonds can be weighted so that their weighted average maturity matches the credit security’s maturity.是什么意思？如何reduces the potential for maturity mismatch？不太理解？
老師，請問書本297頁第二題答案，empirical duration is often estimated by running a regres-sion of its price returns on changes in a benchmark interest rate是什么意思？
老師你好，視頻1小時36分22秒的時候，如果處在一個完全隔絕的市場，那個相關(guān)系數(shù)是個股和GM的相關(guān)系數(shù)，也就是個股和global market的相關(guān)系數(shù)，應該是0啊。 因為市場是隔絕的，我在本市場選擇的個股和global market不可能有任何的相關(guān)系數(shù)。但是老師解釋說相關(guān)系數(shù)是1，也就是風險最大，我覺得也有道理，畢竟因為完全隔絕缺少diverification而導致風險偏高。 有些糊涂
performance-based gift一定是additional compensation嗎？無論輕重都要預先征得雇主書面同意嗎？
這個案例中，W這個人是否也違反了獨立客觀性？因為可能會因為為了獲得去摩納哥的旅行，更加關(guān)注這個客戶。如果披露了，雇主沒同意和雇主同意了，是否違反了這兩條
對于IPS的短期偏離，是否屬于違規(guī)？比如IPS上規(guī)定60%投股票，40%投債券，現(xiàn)在股票市場大漲而債券市場不景氣，因此基金經(jīng)理現(xiàn)在分配65%投股票，35%投資債券這種情況，基金經(jīng)理是否違規(guī)？
發(fā)郵件，一次500人，共2000人，如果發(fā)了第一批500人之后，因為預料之外的網(wǎng)絡故障，導致后面1500人晚了一個小時才發(fā)出去。是否違規(guī)。
老師，請問書本534頁第六題答案lower correlation of the two stocks in the new position should contribute more to active risk than the two- stock position that it replaced為什么是more to active risk而不是less to active risk？
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