strategy 1有什么问题吗，我觉得每一步都很合理啊？反倒是strategy 2, 预期CHF会升值，那long一个strike price那么高的put是干嘛

peg计算时除的g带%吗

Regarding the currency overlay program, it will add value to the portfolio only if the currency alpha has a low correlation with other asset classes in the portfolio 为什么？

β target 为啥是1呢？哪里看出来它是要跟踪S&P 500 index呢？谢谢老师~

解析是什么意思？ The high correlation between the currencies does not help here because the investor will be using forward contracts to sell both of these currencies. ？？

题目不是说了the shares had increased to EUR100 each 并且 and the increase in the notional size of the position was hedged using currency options。这么重要的信息为什么不用？

a decline in the US trade deficit, 说的很模糊啊，绝对值的减少还是带符号的减少？

0.8875怎么来的？还有为什么today是用forward rate，那不是对应下个月的吗

老师 百题case12没有讲解 为什么呀

百题case7第一题计算 cash flow 和课后rosario delgado的那道计算题都是算cash flow 为什么书上的课后题没有计算 settlement的现金流