Statement 2 If Jason were to purchase the annuity in 10 years rather than immediately, his annual income yield would be higher at that time than now。Statement 3 If Janice were to add a 10-year period certain option to her annuity, her income yield would be reduced when compared to not having the option, but it would be reduced by greater amounts the longer she waits to purchase the annuity.——這兩個為什么是對的，可否解釋一下？
沒有弄懂這里老師的展示方式和寫公式有什么區(qū)別。
size of the plan 這點(diǎn)如何解釋？
第二問，多空市場中性策略，主要目的不是為了消除市場風(fēng)險嗎，怎么能保證收益就一定是只做多的兩倍呢？
第四題為什么要加入非流動性價差？
圖6倒數(shù)2、3列specific和residual相加不等于bond selection的0.13啊
百題case Sarah Newman，第三問，statement 2中的trading effect是什么？
課后選擇case Judith Bader 第4問：為什么人均收入降低能聯(lián)想到policy risk升高，而不是competitiveness risk升高的？大家都開時競爭降低價格
第五題，market value weighted duration是什么意思？Macaulay duration是用什么方式加權(quán)的？
能不能解釋一下段 Rising current account balances tend to be associated with rising required returns (and therefore falling asset prices), and increased capital ?ows to the deficit country to fund its deficit. Capital ?ows also in?uence currencies.
為什么對沖的時候，有的時候用swap，有的時候用future/forward？
寬松的財政政策不應(yīng)該是降息嗎？實(shí)際利率應(yīng)該下降？
題目問的是return，答案答得是gain的具體金額？不應(yīng)該是一個百分?jǐn)?shù)嗎？
第三題，怎么只用考慮流動性的特征啊，，，其他兩點(diǎn)不用考慮么
第四題 fixed income可以用carry trade做return emhancement equity的currency overlay只能對沖嗎
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