丹同学2022-03-12 13:10:43

Q14: “investment manager who pursues the cash-based yield curve strategies described in Exhibit 5 faces an inverted yield curve (with a decline in long-term yields-to-maturity and a sharp increase in short-term yields-to-maturity) instead. Which of the following is the least likely portfolio outcome under this scenario?” 这是书中R13例子4。请问为什么Buy and hold是gain? 所以Buy and hold 不是适用于upward sloping吗？谢谢