two-fund separation theorem里的那个切点是不是就是market portfolio这个点？看起来都是CAL和EF的切点

Channel stuffing到底是提前确认收入还是延迟确认收入呢？

92分40秒 讲没有套利机会的市场定价才有效，但后面练习题又写限制套利限制定价公允性。说法不一样 ？

Q7 可不可以用计算器算出 700 reinvestment的那部分 就是n=4 I/Y=(2%/12+1)^12 PMT=-7000 PV=0 求出FV， 然后FV加上20000 我这样算出来是答案错的， 为什么呢

定量的计算，是将成本资本化？定性是费用化？

为什么不用乘forecasted eps growth rate？？

请问老师 forward futures swap 以及option 期初和期末分别有没有price和value 请问有详细的图表总结吗？我这里的题错好多好多了 很混乱 求赐教

第59题，在美国准则和国际准则下，B/S中是不是classified下，流动资产和非流动资产谁先谁后都可以？

老师，能否详细解释一下Mosaic Theory?The analyst may use significant conclusions derived from the analysis of public and nonmaterial nonpublic information as the basis for investment recommendations and decisions even if those conclusions would have been material inside information had they been communicated directly to the analyst by a company. Under the “mosaic theory,” financial analysts are free to act on this collection, or mosaic, of information without risking violation. 这句话一直不太理解，什么叫if it had been communicated directly with analysts?

这种算法算出来的数字全是负数，减值最少是不减，也就是零，怎么会减值减出负数呢