企业理财，老师在计算post- merger value of an acquirer时，synergies要不要乘以（1-T）？有的地方说要，有的说不要，我很懵，谢谢

这里现金流折现直接用无风险利率，合适吗？

上面公式的处置资产GV与下面处置资产的BV，还有个当期折旧费的差距吧？

Lee provides an example, stating that “For Fireflies’ private wealth clients, calculates active share for each client and uses ex ante tracking error to measure the degree to which clients’ current portfolios might underperform their benchmarks in the future. For equity-only portfolios, forward-looking beta is used to measure sensitivity to the broad equity market.”之前有题目里 是说relative VaR是ex ante tracking error，和这里的ex ante tracking error是一个意思么？

这道题里，为什么ROE用的是 NI/common stock equity不是NI/total equity，什么时候用common stock equity 什么时候用total equity呀？

grant date 和 vesting date之间分摊费用。vesting date之前都是未生效的。课后题中，compensation expenses是要生效后才能计入。这个是不是矛盾了？怎样理解呢？

the relationship between OAS and Z spread在一级哪里讲的？具体哪个章节呢

第四题要减去未确认的平均值，冲刺笔记或者讲义上有提到吗？

The average market price for GF shares at the time of settlement for the RSUs that vested in 20X3 was SGD 16.50.这句话有什么用？怎么视频里没了题目这句话？

17题，扣减的unrecognized compensation expense应为期间费用，按年度算的吧？怎么在计算20X2年expense时用的是平均数呢？