第二个打对号的长句是什么意思呀？希望能用汉语翻译一下，翻译整个句子

05.单选题 收藏 标记 纠错 The value effect market-pricing anomaly most likely occurs when stocks that have below-average price-to-earnings and market-to-book ratios, as well as above-average dividend yields, consistently outperform: A large-cap stocks. B growth stocks. C stocks that have had negative earnings surprises. 问： 1. value effect market-pricing anomaly 这一串英文整个 是行为金融学中 市场异常的一种是吧？整个是一个术语？ 2.对于这个异常我一直没有太理解：正常情况下，成长股应该好于价值股，但是现在反过来了，所以视作一种异常。是不是这样理解？ 请逐次回答 谢谢

这个的收益率怎么计算，不是用每期的期末减去期初，除以期初得到费率再加权平均吗？

配额是针对出口还是进口？

05.单选题 收藏 标记 纠错 Which of the following security market will result in highest arbitrage activity? A Market efficiency. B With no restrictions on short selling. C With high information-acquisition costs. 查看解析 上一题 下一题 正确答案B 您的答案C本题平均正确率：44% Contrast weak form, semi-strong form, strong form market efficiency难度：一般 推荐：      答案解析 Short selling helps in price discovery. Arbitrageurs benefit from pricing discrepancies (inefficiencies); therefore, arbitrage activity will be higher in markets with no restrictions on short selling. 问： B.是能够使市场更有效，所以应该是降低套利啊？ C.是让信息获取的成本变高，即增加了信息不对等的可能性，才有机会套利啊？ 所以我认为选C

基金经理主要是做什么的？

这个部分有点难理解、该怎么去更好地消化呢

Spot rate 仅指国债吗？

FCFE = $68.9 - $7.3 = $61.6 million.最后减去这一项是什么意思，

老师你好，discount rate 的年化只要按360天？add on yield 的年化按360或者365天，看题目要求，对吗？讲义187页第一段话：Both discount basis and add-on yields in the money market are quoted as simple annual interest and can be based on a 360-day or 365-day basis. 这句话是说discount rate 也可以按365 天？