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CFA一级
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In the financial statement analysis framework, using the data to address the objectives of the analysis and deciding what conclusions or recommendations the information supports is best described as: A processing the data. B reporting the conclusions. C analyzing and interpreting the data. 请问为什么不选b呢?达到目标作出结论应该是b吧
查看试题 已回答04.单选题 已收藏 标记 纠错 In using matrix pricing to estimate the required yield spread on a newly-issued corporate bond, we choose what kind of rate as benchmark rate? A YTM on a corporate bond with similar credit risk and time to maturity. B YTM on a government bond with a similar time to maturity. C coupon rate on a government bond with a similar time to maturity. 查看解析 上一题 提交试卷 正确答案B 您的答案A本题平均正确率:47% Matrix pricing;难度:一般 推荐: 答案解析 The benchmark rate is the yield to maturity on a government bond with the same, or similar, time to maturity. 问:是不是用我图中的原理来估 x公司的 ytm的?等于还是相似三角形?但是横轴的时间周期不好解释,还是您解释一下把?
02.单选题 已收藏 标记 纠错 Matrix pricing can be used to estimate which of the following when underwrite new corporate bonds: A Required yield spread over the benchmark rate. B Market discount rate of other comparable corporate bonds. C Yield-to-maturity on a government bond having a similar time-to-maturity. 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率:49% Matrix pricing;难度:一般 推荐: 答案解析 Matrix pricing is used in underwriting new bonds to get an estimate of the required yield spread over the benchmark rate. The benchmark rate is typically the yield-to-maturity on a government bond having the same, or close to the same, time-to-maturity. The spread is the difference between the yield-to-maturity on the new bond and the benchmark rate. The yield spread is the additional compensation required by investors for the difference in the credit risk, liquidity risk, and tax status of the bond relative to the government bond. 问:除了视频里讲的相似三角形法,这里还说了A 可以估利差 spread ,可否简单举例说明?貌似没有讲过
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- 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?
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- 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?








