2011 Q5 請問實際考試這樣寫可以嗎? A Resample 1. A resample approach is not sensitive to small changes in inputs; 2. A resample approach is relatively diversified in asset allocation. BL i. A BL approach can combine the investor’s future view about markets. MCS i. Monte Carlo can determine a path-dependent terminal value; ii. Monte Carlo is a multi-period model, which is allowed the investor to see how the effect of the changes in tax plays out. B 1. Finnegan has debt-like liabilities to pay; 2. Finnegan currently is unemployed and has a lower risk tolerance; 3. Finnegan’s liability is interest-rate sensitive. In order to match the nature of the liability and assets, the investor should choose an ALM approach. C 1. With a higher allocation in equities, the volatility of the portfolio is higher and not suitable for Finnegan who currently has a lower risk tolerance; 2. She used to work as an equity analyst, in which the incomes generated in the position are positively correlated with equity markets.
老師，我想問一下Notes里13.7 13.8第3題。這里面說資產(chǎn)高度相關(guān)，同向變化，要wider corridors. 這個和課上老師講的不同。課上老師說同步變化，要漲都同步漲，可以窄。
波動大，range到底怎么調(diào)？ 記老師版本，波動大，偏離SAA可能大，range要小點。 課后題說波動大如果常調(diào)整成本大range大。
老師好，請問Div tax和capital gain tax哪個更高呢
請問R12 case的第4題 B選項為什么不對呢 不同asset之間不是也要不同嗎
老師，請問這道例題中的0.75和0.25是怎么得來的？后面的0.02又是怎么得來的？
老師好，請問reading10課后題第7，8題看后面答案解析有一系列的portfolio如圖，但我始終沒在題干中找到這些給出的portfolio在哪，能否幫忙解釋，謝謝
2012年第二題b問沒看明白，這里的aer是annualized的么？還是hpr？投資年限不一樣如何去做比較？
為什么在2017的Question 6的A題計算TIA中沒有將上一年的Living Expense減掉呢？
老師，請解釋一下原版書reading11的稅率部分14和15題，謝謝
上午case 71頁part a pmt里不包含每年給運動隊的30000嗎
老師，請問一下，這是13年上午的個人ips, 這個year-end, 是指哪一年的年末呢？
原版書課后題第55頁reading11，像question6跟8這種題是不是不會考？基礎課里老師說不考，可是課后題有。
這里構(gòu)建value的投資工具為什么是long value stock short growth stock呢？growth stock的風險不應高于value stock嗎？Fama French三因子模型中是value stock-growth stock還是反過來請老師再梳理一下。
Dornbusch overshooting沖刺筆記上沒找到，哪里有相關(guān)的知識點？
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