DM是來衡量floating-rate bond,YTM是用來衡量fixed-rate bond,為什么會有公式Y(jié)TM=MRR+DM呢？
在contraction 階段，長期利率是下降還是上升？在第51頁P(yáng)PT里contraction階段的格子里寫了“short-term and long-term rates declining with bond prices increasing",這意思是長期利率下降。但是在第63頁P(yáng)PT老師講解的時候說“contraction階段短期利率下降，長期利率上升，收益率曲線在這時候最陡峭”，這意思是長期利率上升。那到底哪個說法是對的？
為什么這里的spread(t)就等于current OAS呢？
老師好，能否解釋一下excess spread return和expected excess spread?看書不是很理解。
Which of the following statements about credit spread measures is most accurate? A、The DM is the yield spread over the MRR established upon issuance to compensate investors for assuming an issuer's creadit risk. B、The Z-DM will be above tne DM if the MRR is expected to remain constant over time. C、The yield spread for a corporate will be equal to the G-spread if the government benchmark yield curve is flat.
課后case：rika bjork：第二問：怎么就得出要建立一個collar？
Include less liquid asset classes in the asset allocation decision and attempt to model the inputs to represent the highly diversified characteristics associated with the true asset classes. 這句話請問怎么理解
The compound growth rate of a portfolio is greater than the weighted average compound growth rates of the component portfolio holdings (given positive expected returns, positive asset weights, and sufficiently low transaction costs). 這句話怎么理解？
Without weighing costs and benefits in the abstract 這句怎么理解？
老師，投資人手里不持有期權(quán)或不持有多個期權(quán)，如何實(shí)現(xiàn)這里的連續(xù)賣空？
沖刺筆記derivative, option strategy的實(shí)例3：N(d1)和N(d2)分別指什么，什么時候用他們？
這是Mock Exam A上午第一題。答案的意思是選sharpe ratio最小，但我理解minimize volatility是指組合方差最小。
錯了吧？是乘以.99而不是-.01吧
這是一道官方mock題。完全不明白3和4問怎么算的。。：（
rfx是無風(fēng)險利率時，和rfx的相關(guān)系數(shù)為0？
程寶問答
金程問答