第一题有问题啊，Karena Li is the head of finance of Hera S.p.A., a multinational high fashion group based in Milan, Italy. Hera owns subsidiaries around the world. Its functional and presentation currency is the euro and it reports under IFRS. On 1 January of the most recent year, Hera established a wholly owned subsidiary, Giselle Co. (Giselle), in the US. Giselle has fixed assets of USD 10 million when established. Giselle's presentation currency is the US dollar. It reports under US GAAP, and is accounted on Hera's consolidated financial statements using the temporal method.说明母公司是euro，然后local是USA，题目又说presentation currency is the USD，所以不应该用current rate method吗？为啥题目说用temporal method?

如果BR的计算没考虑协方差，那公式中分母里的ρ代表什么？

第二题中COMMENT2，out of money的理解应该是S>X的概率啊 那不应该是N(-d1）吗，out of money并不一定代表不行权概率N(-d2）呀

第四题他只告诉了“smallest client”，是否也违反fair dealing？

第三题的estimated growth rate in potential GDP和growth in GDP有什么关系？growth in GDP这个参数什么时候会用得到？

为啥不选择绝对趋同，文中也提到了per capital output

Q5,选项C为什么不能选？这里没有听明白

第4题，如果保证人不是HR，是上司，那可以接受吗？

第一题我理解Statement 1是“I have known about this for several weeks but I couldn’t tell you because of your job. I have no idea how large the layoff will be or if my job is vulnerable. The press release went out at 7:00 AM, and I checked online before I left home to make sure it was already in the news.As the story unfolds, it becomes clear that TCP is closing half of offices. The Boston office is among them, and its operations will be transferred to the TCP office in New York City (NYC).”，所以新闻其实没说TCP office要不要解散，但是主人公主动说了TCP office会解散，这个不是内幕信息吗？

您好，第一问中，t=2时刻的利率，其实已经是第三年的年初了，第二年已经结束了，为什么不选C呢