0.6A=C AC之间正相关 -0.7A=B AB之间负相关 那为什么AB之间的相关系数不是-0.7而是-1 AC之间的相关系数不是0.6而是1.0呢

DTA treatment没听懂

YTW不是应该吧一年和两年的CY EY YTM 都算出来然后找最低的吗

21.单选题 已收藏 标记 纠错 Assume an option-free 5% coupon bond with annual coupon payments has two years remaining to maturity. A putable bond that is the same in every respect as the option-free bond is priced at 101.76. With the term structure flat at 6% what is the value of the embedded put option? A 1.76. B 3.59. C -3.59. 查看解析 上一题 下一题 正确答案B 您的答案A本题平均正确率：62% Callable bond and putable bond难度：一般 推荐：      答案解析 The value of the embedded put option of the putable bond is the difference between the price of the putable bond and the price of the option-free bond. The value of the option-free bond is computed as follows: PMT = 5; N = 2; FV = 100; I = 6; CPT → PV = -98.17(ignore sign). The option value = 101.76 - 98.17 = 3.59 问：V putable= V free + V option这是公式吧，所以感觉带入的不对啊，它怎么把free的带到了公式左边？

第14题解题思路是什么

第35题 是以分析师的估计为客观标准吗？那CAPM模型算出来的又是什么呢？

第15题 以及这个model是什么？

第12题解题思路是什么

16.单选题 已收藏 标记 纠错 Which of the following is the benefit of issuing bonds through a special purpose vehicle? A Bankruptcy remoteness. B Beneficial tax treatments. C Greater liquidity and lower issuing costs. 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：92% Legal information难度：一般 推荐：      答案解析 A SPV is a bankruptcy-remote vehicle. Bankruptcy remoteness is achieved by transferring the assets from the sponsor to the SPV. Once this transfer is completed, the sponsor no longer has ownership rights. If the sponsor defaults, no claims can be made to recover the assets that were transferred or the proceeds from the transfer to the SPV. 问：这里说的破产隔离是对谁的好处，哪个主体，银行，投资人还是spv?

第8题解题思路是什么