老師您好,請(qǐng)問contigent immunization怎么理解呢,statement1 里說兩個(gè)duration相同,那做contigent immunization沒法做到duration相同呀
第三題,Upon receiving board approval, the UPPC will direct a financial advisory team and the investment managers to implement the asset allocation indicated in the IPS. 題干中說uppc會(huì)找專業(yè)的團(tuán)隊(duì)去實(shí)施asset allocation,為什么選項(xiàng)B不對(duì),UPPC又不是自己做allocation,成員的背景有什么關(guān)系?
第三題,原版書中有定義如何算transparent嗎?
這里不是很明白 如果用forward rate bias來分析,是F
?
老師好,這道題的藍(lán)色標(biāo)出的結(jié)論,是說OAS widen 10bps 時(shí),組合的收益率(價(jià)格變動(dòng)百分比)下降60bps嗎?突然對(duì)這個(gè)表述有點(diǎn)蒙
2\The CDS spread decline of 0.15% leads to a new CDS contract price of 94.75 per 100 face value (=1 – (EffSpreadDurCDS × ΔSpread) or (8.75 × 0.60%)). The protection buyer (short risk) position therefore realizes an approximate mark-to-market loss of €131,250 (=(94.75 – 93.4375)/100 × €10,000,000) because of the 0.15% decline in CDS spreads.這里為什么是8.75 × 0.60%,0.60%是哪里來的?
what's margin buying?
為什么另類的convertiable bond在波動(dòng)率中等時(shí)賺錢?
為何加個(gè)2就表示杠桿?
這里我不明白,C國(guó)經(jīng)常賬戶是盈余的,為什么還要把資本挪過去。經(jīng)常賬戶和資本賬戶不是此消彼長(zhǎng),加總等于0嗎,如果把資本從A國(guó)挪去C國(guó),C國(guó)的經(jīng)常賬戶和資本賬戶就都是surplus,就不平衡了呀
C??jī)r(jià)格倍數(shù)不是value strategy嗎?
這個(gè)考點(diǎn)又是對(duì)應(yīng)基礎(chǔ)班的哪個(gè)知識(shí)點(diǎn)啊?這樣的題目做起來真的毫無(wú)頭緒啊
請(qǐng)問“State funding can make up for possible short-term endowment support shortfalls.”是從哪里看出來的?
另外老師講法跟公式…不太一樣。active share從公式看就是權(quán)重不同。active risk是factor的beta不同和specific risk。
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