为什么fixed rate securities 的分子不变，哪里提到了fixed rate securities 可以说一下这个概念么？

In a single-price bond auction, an investor who places a competitive bid and specifies a rate that is above the rate determined at auction will most likely: A not receive any bonds. B receive the bonds at the rate determined at auction. C Receive the bonds at the rate specified in the investor's competitive bid. 还有这个题也不会

投资者投资DR不就是为了避免汇率风险吗 currency risk没有的啊 讲解里为什么会说有

The maturity effect is least likely to hold for a: A low-coupon, long-term bond trading at a premium. B low-coupon, long-term bond trading at a discount. C zero-coupon bond. 答案解析听不清，麻烦老师解答下

第三年的激励费用 为什么用113.6这个基数扣除 不是应该用120吗？ 最高水位线的意思是净资产的？

老师你好，请问，美国的政府机构 发行treasury strips么？因为老师上课讲的是 private section create，后来被美国政府学去了。

如果说113.6只是一个after fee的净值，113.6~120这部分难道第一年不也是作为100~120的一部分算进了incentive fee里了吗？第三年再算上的话不也是多算了一次嘛？

interest rate risk本章节没有讲吧，在哪里补充这个知识点

不懂这道题，能不能解释一下

it states that all else equal excepted for interest and dividends. we know that EPS =( net income -dividend to preference shareholder) /number of outstanding share, so according to the information above, i dont think we can make any conclusion on how EPS changes. Also, if all dividends are paid to ordinary shareholders, EPS should remain the same. could you please explain ?