老师，请问一下截图中的例题，计算新DTL的时候，为什么乘的税率是25%？不是20X3年才开始实施25%的税率吗？ 谢谢

1、讲义上说capital gains or losses 是在到期日前卖出债券的selling value 和carrying value之差吗？2、那凡是持有至到期，中间未卖出的债券都没有capital gain 和 loss吗

step up coupon只有在market rate升高时候才能coupon rate上升？还有标出来的这句话是什么意思？

能不能换一位老师来解析财务的答题？一路课上过来，同样是讲解题目，这位老师水平和前面老师的水平差太多了吧，读题都读不顺，解析也是含含糊糊

老师，这道题在求新DTL的时候，新Diff是取的变化的绝对值吗？有点不理解

老师，在case1里面A只是跟大客户提到他会在下周发一个建议，但并没说具体的建议内容，也算违反了吗？

老师，在case1里面A只是跟大客户提到他会在下周发一个建议，但并没说具体的建议内容，也算违反了吗？

老师能把具体的计算过程写下么？包括公式，我按照讲解，计算的不正确。 关于mpc 的计算 （1-70%）/（1-25%）还是 （70/1-25%）。

George, CFA, is a fund manager working for the general partner of a new private equity fund. George includes in the fund marketing material his performance history from his previous employer. He is permitted by his former employer to take his historical return figures and the supporting research reports he used to make the related investment decisions. Did George most likely violate the CFA Institute Code of Ethics and Standards of Professional Conduct? A Yes, regarding Record Retention. B No. C Yes, regarding Loyalty. George includes in the fund marketing material his performance history from his previous employer. He is permitted by his former employer to take his historical return figures and the supporting research reports he used to make the related investment decisions. 这里不是已经说这个人得到前单位的允许可以用数据了么

为什么又是这个题，上一节课后题不也有吗？