股权成本算错了吧

why the answer C is correct?

Given the following spot and forward rates: Current 1-year spot rate is 5.4%. One-year forward rate one year from today is 7.52%. One-year forward rare two years from today is 12.56%. One-year forward rate three years from today is 13.3%. The value of a 4-year, 10% annual-pay, $1,000 par value bond is closest to: A $996. B $1022.62. C $1,086. 这里的S4不是应该用1.054*1.0752*1.1256*1.133=1.4453 1.4453开四次方根-1=0.964 金融计算机I/Y=9.64 pmt=100 fv=1000 n=4算出pv=1011.5啊选项里没有是怎么回事呢是题目错了还是年金计算的收息日问题（年初或年尾）

Proceeds from share issued 是什么意思？

07.单选题 已收藏 标记 纠错 The manager of the Fullen Balanced Fund is putting together a report that breaks out the percentage of the variation in portfolio return that is explained by the target asset allocation, security selection, and tactical variations from the target, respectively. Which of the following sets of numbers was the most likely conclusion for the report? A 50%, 25%, 25%. B 90%, 6%, 4%. C 33%, 33%, 33%. 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：45% Investment constraints, asset allocation难度：一般 推荐：      答案解析 Several studies support the idea that approximately 90% of the variation in a single portfolio’s returns can be explained by its target asset allocations, with security selection and tactical variations from the target (market timing) playing a much less significant role. In fact, for actively managed funds, actual portfolio returns are slightly less than those that would ha 问：the percentage of the variation in portfolio return 这句话怎么翻译？反应的是各种策略所占的什么的百分比-收入 还是 基金经理所耗费的精力？

开3次平方根 4次平方根怎么按计算器

对于zero-coupon rate 没有 reinvestment risk可以当做结论记吗

spot yield curve是用零息债券的YTM 下面零息债券是不是选用风险最低的一项就行？

08.单选题 已收藏 标记 纠错 Which of the following can be considered as absolute return objective? A Annual return will be 5% higher than inflation rate. B Annual return will outperform the S&P 500 by 2% per year. C Annual return will be the top 50 in the returns of mutual funds. 查看解析 上一题 下一题 正确答案A 您的答案C本题平均正确率：39% Components of IPS, risk and return objectives难度：一般 推荐：      答案解析 As an example of an absolute objective, the client may want to achieve a particular percentage rate of return, for example, X percent. This could be a nominal rate of return or be expressed in real (inflation-adjusted) terms. 问：A选项的通胀率不能看成benchmark？

04.单选题 收藏 标记 纠错 Which of the following is most likely associated with an investor’s ability to take risk than the investor’s willingness to take risk? A The investor has a long investment time horizon. B The investor believes earning excess returns on stocks is a matter of luck. C Safety of principal is very important to the investor. 查看解析 上一题 下一题 正确答案A 您的答案C本题平均正确率：71% Components of IPS, risk and return objectives难度：一般 推荐：      答案解析 Investment time horizon is an objective factor that measures the investor’s ability to take risk. 问：感觉A,C都在说能力？