让同学2021-03-31 23:59:41

练习册中册P93 2011年Q5的B问 我写的其中一个理由是： In the bear market, the liability based approach is more appropriate than the asset-only approach because it is harder to earn a higher return. Also, as the value of liability, mostly consisted of the fixed income, tends to increase in the bear market, we need to use the liability based approach to hedge the fluctuation in liability’s value. 可以吗