老师好，没理解为什么SMA的流动性高，可以解释一下吗

百题case3 3题

选项C里的efficiency难道不是匹配了large size中slow down decision making这个缺点么

In reviewing a financial plan written by the Laws’ previous adviser, Raye notices the following asset class specifications.Equity: US equitiesDebt: Global investment-grade corporate bonds and real estateDerivatives: Primarily large-capitalization foreign equities

Recallability trap

请问老师，没太理解这个逻辑。CDS相当于保险，long CDS才能获得信用保护，而且次贷危机时美国的保险公司就是short CDS才遭遇巨大损失，但貌似这页ppt的逻辑正好相反了？

cme刷题通关，Pat Esposito题，第三题，statement 4，为何是正确的？When evaluating the returns and volatility of public real estate against direct private real estate, it is important to adjust both for leverage and property type. Analysis has shown that when adjusted for leverage, REITs have delivered a similar return and standard deviation across most property types as direct real estate.

Tax应该在net-of-fee return之后还是在transaction fee中扣除呢？

老师好！请问在这张图里，对于靠近0的部分，期权的time value也是趋近于0吗？

老师好！请问在这张图里，对于靠近0的部分，期权的time value也是趋近于0吗？