精 保險這部分insurance value是什么？和net premium，gross premium什么關系呢？一開始net premium低，按理cash value應該比較高，但由于保險公司的其他費用，占用了cash value的金額，所以cash value才顯得小吧？但是這張圖顯示，age at endowment，cash value反而更大了，這怎么理解？原則上，年紀越大，應該保費多，現(xiàn)金價值小才對吧？
精 charitable reminder trust是要把股票捐出去么？這個信托是如何運用的哦？
精 原版書299頁， Under progressive tax regimes (jurisdictions where tax rates rise as the level of income rises), a more tax-efficient strategy may be to withdraw from the retirement account until the lowest tax brackets have been fully utilized. Any additional withdrawals would then be taken from the taxable account. 這段話如何理解
精 能否對圖中的兩個畫圈的部分解釋一下是什么情景 比如右邊那個圈是賣出的時候交稅 那么中間的那個圈是交什么稅？
精 這道題，為什么65-85的living expense算法不分段呢？我怎么覺得應該先n＝20 算出在65歲的pv ，再直接按2.5%的折現(xiàn)率折現(xiàn)到現(xiàn)在呢？
精 官網(wǎng)題，Moselle Wealth Advisers Case Scenario中，Based on the Benetton’s response concerning their retirement income goal, which of the following is the best method to analyze this goal?為什么選擇A.Annuity pricing，
精 老師好，請問每個不同的derivative strategy的max gain/loss，breakeven的公式有沒有記憶和理解方法？謝謝
精 衍生品 原版書 122頁：下面這段話 怎么理解？ Importantly, typical end-of-month (EOM) activity by large financial and banking institutions often induces “dips” in the FFE rate that create bias issues when using the rate as the basis for probability calculations of potential FOMC rate moves. For example, if such activity increased the price for the relevant fed funds futures contract to 98.05, then the FFE rate would decline to 1.95% (= 100 ? 98.05). In this case, using the same equation as before, the probability of an FOMC rate hike decreases from 90% to just 30%:
精 衍生品 原版書201頁，第1題，為什么不能 reduce hedge ratio？需要立刻取出一大筆錢，那么hedge的量要減少。
精 請老師給講講，theta的大小是不是指的是絕對值的大??？它的大小與time decay有什么關系？
精 老師您好，百題6第五題：我的思路是：short forward:到期收到FP=5M/0.79=6329113歐元,支付St=5.1M/0.75=6800000歐元；原來的投資支付S0=5M/0.78=6410256歐元，收到St=5.1M/0.75=6800000歐元。綜合下來：收到FP,支出SO,=-81443歐元loss.老師我的思路是哪里出了問題？答案解析看不太懂。
精 標的資產(chǎn)價格波動率越高，期權價值越高。問題：比如如果是深度看漲實值期權，波動率高（如果標的資產(chǎn)跌幅很大），期權價值不是降低了嗎？為啥還可能會變高了呢？謝謝
精 這個題為什么不是權重x 1+ asset return x 1+currency return 然后算出兩個外幣的總收益 呢？
精 這個題前面都沒描述portfolio和印度盧比的關系 難道單純的long forward不行嗎？
精 為什么rollyield是負的而且the currency change made it even more negative呢？沒有搞懂
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