A级片三级毛片中文字幕|97人人干人人爱|aaaaa毛片亚洲av资源网|超碰97在线播放|日本一a级毛片欧美一区黄|日韩专区潮吹亚洲AV无码片|人人香蕉视频免费|中文字幕欧美激情极品|日本高清一级免费不卡|国模大胆在线国产啪视频

老師，第2題。從材料和題干是想表達(dá)基于benchmark的對嗎？我看了前面的問題，材料中提到了risk-adjusted，所以認(rèn)為是基于歷史基準(zhǔn)的。 另外，不結(jié)合材料，僅從選項(xiàng)A、B的表述來看，A、B的說法屬于risk attribution中的一種嗎？ 謝謝！

Only the institutional trades comply with CFA Institute Standards. All the trades were processed on a net basis. Because the firm disclosed that institutional orders may be executed on a net basis, the institutional trades did not result in a violation. The firm disclosed to clients that in riskless principal trades, retail clients will receive the same execution price without mark-up. Executing the retail orders on a net basis with a $.01 mark-up resulted in a violation of Standards I(C) and III(B) relating to misrepresentation and fair dealing. 老師，這道題的答案解釋沒有看明，請您指導(dǎo)。

答案解析As Khadri provides the corrected information in her letter to the client, she is least likely to violate the Standard relating to performance presentation. She is more likely to violate the Standards relating to Misconduct and Misrepresentation because she knowingly misrepresents the cause of the error. Standard I(D)—Misconduct requires that members not engage in any professional conduct involving dishonesty. Standard I(C) prohibits members from knowingly making any misrepresentation relating to investment actions and professional activities. 老師，請問為何會違反I（D）和I（C），確實(shí)是無意輸入錯誤的啊

請問這題有關(guān)於Singer–Terhaar model，答案為什麼是countryC， 一個國家有高一點(diǎn)的risk premium不是代表比較高的回報嗎? 解答中"As prices adjust to a lower (higher) required return, the market should deliver an even higher (lower) return than was previously expected or required by the market. "這段話我不是很理解，非常感謝。

材料中哪里可以體現(xiàn)benchmark？

為什么不是（1+8.5%）*（1-2.9%）-1？

老師你好, 原版書Reading 14課后題第15題中什么叫net payment cost index? 然后17題中為什么沒有考慮family living expense （decline by $30,000 each year）?

第三題，y不是以美元計(jì)價的收益率嗎，那200m*β不應(yīng)該是多少多少美元嗎，為什么題干問的是yen啊

請問這里從題干中如何看出pearson需要有cover debt這一需求的？

這題能不能給個完整的正確答案？為什么在算1.25%的時候base fee還有sharing完全就變了呢，為什么這么特殊？然后在算1.75%的時候又回到了之前的公式？

為什么pre-tax volatility higher than after-tax volatility? 因?yàn)槎惗艿男Ч麊?

Q6，這種類似券商對其它公司的評級調(diào)整，也算重大非公開信息嗎？又不是評級機(jī)構(gòu)

volatility smile 圖形可不可以解釋一下？為什么會形成這個形狀?

這里提到利率期限結(jié)構(gòu)（也就是利率曲線，我的理解）變陡峭還是平坦是由短期利率變化所導(dǎo)致的，而沒有提到長期利率的變化，是否是因?yàn)殚L期利率總是慢慢converge的一個平穩(wěn)狀態(tài)呢？

第五題這樣對沖的意義在哪里呢？為了降低日元借款成本而簽訂swap，但是另一邊又要付出巴西里拉的利息。還是沒有搞懂為什么AS要簽訂一個swap。