Q. The most appropriate conclusion that follows from the result of the Engle–Granger test is that the two time series are: cointegrated and tests of the estimates of the intercept and slope are thus valid. not cointegrated and tests of the estimates of the intercept and slope are thus valid. cointegrated and tests of the estimates of the intercept and slope are thus not valid. 题干相关见附件，这道题麻烦老师讲解下，没有思路。 条件error term has a unit root说明了啥啊？。。。

独立客观中收到小费，没有披露，算同时违反独立客观和利益冲突么

想问一下10题的题干里哪里可以看出是单尾的1%

额外报酬只针对和本职工作有关的额外收入么？那就说基金经理业余时间担任瑜伽老师还有市长都不需要披露？也不需要雇主书面同意咯

老师最后一题为什么是private real estate debt？哪里看出来是debt而不是equity

may use other peoples work wihin the same firm without committing a violation和a member and candidate cannot reissue a previously released report solely under his or her name不矛盾吗？

冲刺阶段中模考题2中第46题再计算carried interest时没有考虑hurdle rate，请问何时需要考虑hurdle rate何时不需要考虑hurdle rate呢

老师，养老金费用 OCI的符号一般应该怎么判断啊？有没有个判断步骤或思路

老师财务押题Q4，看看我的思路对不对：先判断出来用temporal method,然后exposure=MA-ML，算出来exposure是大于零的，偏向资产端。然后汇率贬值，产生loss。 还有一个问题，是不是外币报表折算中，汇率都得先换算成DC/FC的形式，然后数字上升代表外币升值，资产端的话就有gain？

关于自由现金流的计算，我稍微总结了一下问题的题干，麻烦老师指正 1、直接让求FCFF和FCFE就不说了，如果题目让求intrinsic value of company’s equity或者shares of company的价值就是得先求出FCFF再减去debt的总额，对吧？ 2、FCFF-DEBT的总额和FCFE相等么？他们之间什么关系？ 谢谢