3 In order to minimize the foreign exchange exposure on a euro-denominatedreceivable due from a German company in 100 days, a British company wouldmost likely initiate a:A spot transaction.B forward contract.C real exchange rate contract.3 B is correct. The receivable is due in 100 days. To reduce the risk of currencyexposure, the British company would initiate a forward contract to sell euros/buy pounds at an exchange rate agreed to today. The agreedupon rate is calledthe forward exchange rate.这一题是做了hedge吗？是英国公司100天后要收到欧元，所以现在卖出欧元的forword买入英镑的forward吗？他是签了2个forward吗？

19 Which of the following chronic deficit conditions is least alarming to the deficitcountry’s creditors?A High consumption.B High private investment.C High government spending.这题背景是什么？是如果一个国家经常账户出现逆差，债权人会觉得该国家偿债能力受影响吗？然后选项投资增加导致的逆差不会alarming 债权人是因为投资会增加收益是吗？

12 A large country can:A benefit by imposing a tariffB benefit with an export subsidyC not benefit from any trade restriction为什么选A

老师没有听懂为什么政府会陷入两难境地？

老师，这里的S0指的是标的资产的spot price(当前价格)吧？

structural unemployment 和 cyclical unemployment 不在考纲了么？

我理解这个题应该是算到D3再折回2年末，他这个看不懂！和我们百题算法的不一样

为什么含权债券只能用有效久期衡量？

Prior to maturity, our-of-the-money options have no value 这个是哪里错了呢？

An investor purchases an equity call option priced at CHF3 with an exercise price of CHF41. If at expiration of the option, the underlying is priced at CHF38, the profit for investor's position is closest to: A. -CHF6 B. CHF0 C. -CHF3 正确答案是C. 老师麻烦讲一下 没听懂