最后一题，大量外资流入不会使外汇储备增加吗

第四题解析对应的是M-Fmodel吗，案例中不是说的portfoliomodel吗

第四题、客户评级什么情况下会影响买卖价差

P2算错了吧，1037.94

答案最后一句话是对C的解释吗，啥意思？那E3应该是多少，1108.9？不是说不变吗，怎么不是等于前面小问得到的970.87？

如果求VND用rf勉强说得过去，但为什么违约情况下的CVA还能用rf？

公司债的VND用的都是无风险利率来折现？

第5里提到的cash flow mutiples是什么东西呀？有什么用呢

老师，第4题是问Operatingincome，不是净利润吧？operatingincome是折旧前，理论上应该不受折旧影响？

原版书module1的EXAMPLE 8 Capital Flows and Exchange Rates的第3题. Kwan notes that the DM country is running a persistent current account deficit with the EM country. To isolate the influence of this chronic imbalance on exchange rates, she focuses only on the bilateral relationship between the EM and DM countries and makes the simplifying assumption that the external accounts of these two countries are otherwise balanced (i.e., there are no other current account deficits). Over time and all else equal, the persistent current account deficit with the EM country would most likely lead to: A. a large buildup of the EM country’s assets held by the DM country. B. an increase in the trade competitiveness of the EM country. C. an upward revision in the long-run equilibrium EM currency value. 为什么选C？