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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;
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固收中,房贷满足agency MBS要求,叫conforming mortgage,没满足是叫nonconforming mortgage pass through securities(mps),因为pass through rate低于mortgage rate,说明mps没有房利美他们好是吗?其次,在cmo中,有agency rmbs(cmo created from pools of pass through securities)比non agency rmbs(unsecuritized loan)好,那意思是这三者比较,pass through这个是在中间位置吗?
查看试题 已回答The market demand function for four-year private universities is given by the equation Where is the number of applicants to private universities per year in thousands, Ppr is the average price of private universities (in thousands of USD), I is the household monthly income (in thousands of USD), and Ppu is the average price of public (government-supported) universities (in thousands of USD). Assume that Ppr is equal to 38, I is equal to 100, and Ppu is equal to 18. The cross-price elasticity of demand for private universities with respect to the price of public universities is closest to: 老师您好,这里我看到“The cross-price elasticity of demand for private universities with respect to the price of public universities is closest to”, 这句话怎么理解,课件上讲的听不清楚,再就是斜率为啥不是-3.1?
查看试题 已解决老师 这道题 我的理解如下 1 题目说:Issue price =92.28 这个是发行价吧,所以我把这个当作了 期初的carrying value 2, interest expense = Cv * I/Y = 92.28*5%=4.614 问1:我这样的逻辑 错在哪里? 问2:解答上面 是: 0.9228 *50M 再去乘以 I/Y ,前面这部分是什么意思
查看试题 已解决精品问答
- 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?
- 为什么半年付息 算ytm是乘以2 而年化的麦考利久期是除以2
- 为什么长期垄断竞争中 D和ATC相切
- m上升 EAR为什么上升 以及为什么又不变
- 为什么TC 的切点对应是AVC的最低点?
- 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?
- 为什么可以把TR TC同时体现在纵轴?
- 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?



