Dimitri Kuznetsov, CFA, is a portfolio manager and holds shares of Barnikoff Limited and Matric Ventures in all client portfolios. Both companies have upcoming annual general meetings scheduled for the same day. The management of Barnikoff proposes to change its financial year-end from September to December, while Matric Ventures proposes to enter into a high-risk venture. The proxy voting policy clause in all client investment management agreements managed by Kuznetsov states, “When voting proxies provides a cost benefit to the client, the manager must vote a proxy.” With regard to the proxy votes for Matric and Barnikoff, Kuznetsov would least likely violate CFA Institute Standard III(A)–Loyalty, Prudence, and Care if he votes: A with management. B only the Matric proxy. C only the Barnikoff proxy. 这个题读不懂

B选项output for given input就代表技术增长率吗？这个表述好模糊呀

为什么前面介绍远期点数的时候乘的是10000而这里乘以100？

52题没懂，边际递减不是说达到一定高度后再增加就没用了吗，现在不是还没达到完全GDP吗？

139为什么C不对呢

129题，ED的公式到底是大减小除以中，再除以2*Δy（百题老师讲的）还是记这个视频里老师讲的这个？

After considering trading costs, the strategy’s return is near zero。如果这里near改成above，那在经济学上就还是有意义的吧

同样的一笔先付年金，不是说最后的FV就是应该相等的吗，如果最后的FV相等，那先付年金的PV就应该比后付的PV少一个（1＋r）啊。按照B选项去算，最后FV就不一样了啊。

124题，C选项，和投资者的持有年限无关，但是如果不是一直持有，那么股利就不会一直发放，折现的值也就不一样了啊

DCF的公式是什么？