老师，NPV用的折现率r是谁的要求回报率？

老师这一题是只有用计算器的CF功能才能算出来么，我记得上课的时候不是用的计算器呢，按时间加权呢还有等权重的呢，是不是都是这一个知识点里面的

老师股东自由现金流可以理解为是公司自由现金流扣除债权人那部分剩下可用的现金流吗？即减去利息税后值，减去净（借入-流出）？

为什么endowment bias中问”would you buy this security today at the current price？”可以帮助评估当前价格的合理性？

Reading50第41题老师讲解：SML和CML不对非系统性风险进行补偿，这和第13题market model 对系统性风险和非系统风险进行补偿有冲突吗？什么是market model?

- Q25 决定单个资产期望收益的最主要因素是beta，如何理解With respect to the capital asset pricing model, the primary determinant ofexpected return of an individual asset is the:A asset’s beta.B market risk premium.C asset’s standard deviation.

- Q24 资本市场理论，什么叫被正确的定价？With respect to capital market theory, correctly priced individual assets can beplotted on the:A capital market line.B security market line.C capital allocation line.

- Q23证券特征线为什么不是CAPM模型？The graph of the capital asset pricing model is the:A capital market line.B security market line.C security characteristic line.

With respect to return-generating models, the slope term of the market model is an estimate of the asset’s:A total risk.B systematic risk.C nonsystematic risk. return-generating models 是什么？market model是什么？这个是新考纲的内容吗？

14 The sum of an sset’s systematic variance and its nonsystematic variance ofreturns is equal to the asset’s:A beta.B total risk.C total variance.- Q14为什么用方差代表系统性风险和非系统性风险？