老師，原版書R32第三題B，hedge REITS和REITS什么區(qū)別，為什么答案有的時(shí)候考慮一個(gè)有的時(shí)候兩個(gè)都考慮
原版書reading32 442頁的example 12，不是很懂，請(qǐng)老師解釋一下
練習(xí)冊(cè)上冊(cè) 2014Q1 的C問和D 問 關(guān)于C問： 我可以直接說“ To retire in 4 years, they would need to increase the equity allocation in their portfolio to draw a higher return and reduce the university tuition fund”嗎？我沒有像答案這樣計(jì)算出準(zhǔn)確的數(shù)值，還有答案寫的是減少生活開支，那么這個(gè)給女兒的學(xué)費(fèi)算是生活開支嗎？ 關(guān)于D問： 計(jì)算完了realized capital gain不要繼續(xù)算unrealized capital gain嗎？total return是79800，剔除掉interest等三個(gè)應(yīng)該還剩下unrealized capital gain=7182，我求出來它的Tecg應(yīng)該是15.7%這樣，可是答案沒有算？
練習(xí)冊(cè)上冊(cè)，2015Q7 問題C 要求列出一點(diǎn)增加Ryan承擔(dān)風(fēng)險(xiǎn)能力的因素： 我寫的是收到了一筆gift能夠increase the asset base, thus Ryan is able to take more risk.這一點(diǎn)答案沒寫到，可以寫嗎？
練習(xí)冊(cè)上冊(cè)，2017年Q4的B問： 有兩個(gè)問題： 1.為什么求Z的cost base 是220000-45000？ 2.題目里說…believe will have the same expected return as stock Y是什么意思？stock Y不是虧損嗎？為什么計(jì)算Z的時(shí)候算的是收益？
課后題14.15題（附件），沒有看明白答案。為什么答案中的deferred account 的FV公式和老師PPT的deferred account 的FV公式不一樣？
百題Case4問題4, 關(guān)于抵稅我想問一下, 答案中是在用income tax抵capital gain tax, 能這么抵嗎?
老師您好我想問一下, 有些題目中沒有說讓我們必須列出幾條來進(jìn)行說明, 但是答案中又包含了不同的原因, 且每個(gè)原因都可以獨(dú)立的作為我們做出選擇的依據(jù). 那么我們是否有必要都寫上? 還是寫一個(gè)就夠啦?
請(qǐng)問第一個(gè)case的A題目，如果只寫“l(fā)ower risk tolerance”，不寫整句話，是否可以得分？謝謝
R32原版書23題，為什么recommendation 1不能用上一段的說法，hc是35%equity-like，target是40%，說明還能承擔(dān)更大風(fēng)險(xiǎn)？
原版書R29的14題，為何從TDA取出對(duì)投入的本金也要征稅？
黃色高亮這句話能解釋一下么？尤其是黑體字部分，為什么是波動(dòng)率最大？
想請(qǐng)問recapitalization 中” From a tax perspective, the owner is taxed currently on the cash received and typically receives a tax deferral on the stock rolled over into the new entity. “ 為何 appealing to a business owner considering selling a private business in the near future and residing in a jurisdiction where tax rates are scheduled to increase.?
請(qǐng)問關(guān)於goal based這題解答寫得很長，如果我考試的時(shí)候這樣寫是否不行? 1. The investor allocates a large amount of his capital to assets exposing to high volatility, which might pose too much risk. 2. The amount of assets being located at each level depends on the volatility and probability of achievement of a specific goal. 3. The aspirational bucket should allocate a lower amount of the investor's capital because the asset allocated at this level indicates a lower probability of success and higher volatility. Morrison allocates 90% of his assets to the aspirational bucket, which indicates he is exposed to too much risk.
這里systematic就等于quantitive么，discretionary就等于fundamental？只是叫法不同？都可以叫？
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