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CFA一级
包含CFA一级传统在线课程、通关课程及试题相关提问答疑;
专场人数:6099提问数量:110221
老师,视频录制是不是少了两节,portfolio management process和Return and risk。应该在types of investors和Modern Portfolio theory之间
已解决when the price level increases along the aggregate demand curve,which of the following items is less likely to decrease?A the income. B the money supply. C the interest rate 怎么分析?有点晕
已回答It manages part of the equity portfolio in-house and delegates management of the balance to super trust company.as chief investment officer, you want to review the performance of the in-house and super trust portfolios over the last four quarters. you have arranged for outflows and inflows to the portfolios to be made at the very beginning of the quarter. Table 5 summarizes the inflows and outflows as well as the two portfolios' valuations. In the table, the ending value is the portfolio's value just prior to the cash inflow or outflow at the beginning of the quarter.The amount invested is the amount each portfolio manager is responsible for investing. 题目中最后两句没读懂,每季度的终值是ending value,初值为什么是amount invested而不是beginning value或beginning of period inflow(outflow)?
已解决精品问答
- 为什么半年付息 算ytm是乘以2 而年化的麦考利久期是除以2
- m上升 EAR为什么上升 以及为什么又不变
- 前面在讲Aggregate demand curve的时候说,价格上涨使消费下降,而这里又说价格下降消费变少,为什么存在矛盾?
- 对于老师讲的这部分,1. 我理解FRA的Payoff始终等于利率期货的Payoff部分进行折现(除以1个大于1的数),也就是说,FRA的Payoff的变动幅度 应该 始终小于利率期货的变动幅度。2. 至于是涨多跌少,还是涨少跌多,其实MRR在分母上,可以根据1/x的曲线特点来理解,无非就是MRR上升时1/(1+MRR)的变动幅度 小于 MRR下降时1/(1+MRR)的变动幅度,所以如果MRR上升时,Payoff是上升的,那么就是涨少跌多,如果MRR上升时,Payoff是下降的,那就是涨多跌少。以上2点,我理解的对吗?
- 不懂这里为什么新固定利息与老固定利息的差值折现到1时刻就是1时刻的value,为什么只考虑下半边支出的部分,不考虑付息收到的部分
- 如果IC和CAL线的切点在后半段呢,就是比和有效前沿的切点更高呢,不是后面无风险资产权重为0吗,为什么说一定有无风险资产呢
- Effective duration和Effective convexiy的公式为什么不用modified duration和convexity的原本公式,而是和他们的近似的久期和突性的公式一致?
- 为什么长期垄断竞争中 D和ATC相切





