老師，您好，為啥不是return-oriented，答案也說了有這個(gè)。問題：From Exhibit 2, MultiFAK’s primary strategy is most likely: risk reduction. diversification. return oriented./答案A is correct. MultiFAK uses a risk reduction strategy. It overweights low volatility (31% versus 28%), which is a risk reduction approach; underweights momentum (14% versus 17%), which is a return-oriented approach; and uses fewer securities (91 versus 100) overall than the index, which is not a diversification approach.
outright sale情況下，扣完稅得950000時(shí)，以8%復(fù)利投10年時(shí)，不需要扣稅嗎？是不是應(yīng)該是 1+8%（1-25%）后再復(fù)利呀？
老師，您好，以下內(nèi)容為啥沒有離職不算solicite，謝謝/原文：Q. Townsend was recently appointed to the board of directors of a youth golf program that is the local chapter of a national not-for-profit organization. The program is beginning a new fund-raising campaign to expand the number of annual scholarships it provides. Townsend believes many of her clients make annual donations to charity. The next week in her regular newsletter to all clients, she includes a small section discussing the fund-raising campaign and her position on the organization’s board. Townsend did not violate the Code and Standards. Townsend violated the Code and Standards by soliciting donations from her clients through the newsletter. Townsend violated the Code and Standards by not getting approval of the organization before soliciting her clients.
老師，您好，久期和凸性相差一般多少算不匹配呀，謝謝啦。這個(gè)題凸性相差也不大呀
Negative correlation between high yield credit spreads and government benchmark yields to maturity
第二題 求bpvctd。為啥不用fp*cf計(jì)算price of ctd ，而且這個(gè)乘積值和題目給的ctd bond price為啥價(jià)格不一樣呢
在之前FRA里講long方就是覺得利率會(huì)上升的一方，這里反而是long方是覺得spread會(huì)下降的一方呢
Kaplan答案這樣計(jì)算portfolio after tax SD是錯(cuò)的吧？不是應(yīng)該用第二個(gè)圖片中的公式嗎？
方法二和方法三算的standard deviation和上一頁ppt 也要求包括的ex post standard deviation有什么區(qū)別？
請(qǐng)問就verify這個(gè)角度，amc與gips的差異和各自的要求應(yīng)該如何記憶比較好
variance swap 的payoff 與realized variance和variance strike相關(guān)。 這里的swap 如何理解，是什么換什么？ long variance swap 代表 支出variance strike 收到 realized variance ？
請(qǐng)問為什么對(duì)沖掉外幣market risk后就是外幣無風(fēng)險(xiǎn)收益了呢？對(duì)于外幣無風(fēng)險(xiǎn)收益不需要再考慮外匯風(fēng)險(xiǎn)了嗎？
請(qǐng)問這題中具體判斷這個(gè)when hedge is lifted 時(shí)的future rate是Ft 的根據(jù)是投資與對(duì)沖時(shí)間嗎
There is less volatility in the corporate/swap spread than in the corporate /Treasury spread
老師您好 這里老師講的是underweight是protection buyer 也就是 要short CDS
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