老师您好， 这是equity的下午题， Asgard engages with companies from a long-term shareholder's perspective, which is consistent with the firm's low portfolio turnover, and use its voice and its vote, on matters that can influence companies' long-term value. C选项的share buybacks 不是会增加turnover 吗？谢谢

老师您好， 这是equity的下午题， in a price-weighted index, the weight of each stock is its price per share divided by the sum of all the share prices in the index. 每个股票的权重都不一样， 为什么又说 a portfolio composed of one share pf each constituent security 呢？谢谢

老师您好， 这是equity的下午题， 我想问一下passive factor based momentum strategy是passive investment吗？为什么会 concentrate risk exposure呢？谢谢

老师您好， 我想问一下note5 怎么错了， 答案说 because the predictability of correlations is uncertain 是什么意思呢？谢谢

个人ips 2014年partB，put spread是什么样的图

case1第3题 想与老师确认下：1. 算FV of annual premium用的是discount rate; 2. 算FV of annual dividend用的是dividend reinvestment rate; 3. 前两者FV net了以后，折现回来用discount rate； 想确认下这样对应关系对吗？谢谢老师！

想问下character1里面提到因子相关性低，不是有overlapping一说吗，那不是说明有可能相关性也高吗

课后题这部分没有视频讲解。请问第一题什么意思？

为什么原有合约是short forward contract?从题干中如何判断得出？

历年真题 fixed income 2013 B Trade 1: Sell a 3-year maturity AAA corporate bond and buy a 30-year maturity AAA bond of the same issuer based on the expectation that credit spreads will tighten uniformly by 10 basis points across the credit curve. 卖短期债买长期债的risk简洁一点的答题重点如何提炼呢？答分点是？