这题跟A有啥关系？没看到有不当表述。

这两题的解释感觉前后矛盾，所以有没有违背fair dealing呢？

这里他并没有告诉对方实情，也不行？

老师好，我疑惑的是我从题目给的期初算反向，但是错的。而答案是从期末也就是90天算反向是对的，我不知道该怎么分哪种题目要从期初算，哪种题目要从期末算？

SRO是不是independent regulator？感觉两张图里说的矛盾，不理解。

习题Connor Wagener 中的第四题Assume an emerging market (EM) country has restrictive monetary and fiscal policies under low capital mobility conditions. Are these     policies likely to lead to currency appreciation, currency depreciation, or to have no impact?  解析 The currency is likely to appreciate. The emerging market country has both a restrictive monetary policy and restrictive fiscal policy under conditions of low capital mobility. Low capital mobility indicates that interest rate changes induced by monetary and fiscal policy will not cause large changes in capital flows. Implementation of restrictive policies should result in an improvement in the trade balance, which will result in currency appreciation. 不是说在low mobility 下 restrict both monetary 和 fiscal 产生是undetermined 因为restrict monetary 导致升值,restrict fiscal 导致贬值。 但这里得答案是升值，麻烦解释一下。谢谢。

第8题，只知道每股price和每股dividend，怎么算的payout ratio呀？不是要知道每股收益EPS才能算的吗？

老师，short calendar spread 不能选A？short position就是看跌么，所以short near的 put 、long longer的put…