第3题，This strategy, followed by Fund Charlie is more likely to “provide liquidity” to the market in contrast to momentum strategy (an active investing approach) that “demands liquidity” from the market. 为什么Fund Charlie这种投资小盘股的基金是提供流动性呢？

计算IRR用计算器的详细步骤可以提供一下吗

请问这里的相关考点在哪一章节来着？ Integrated asset-liability portfolios

第三题这个知识点在讲义哪里呀，没印象学过了

c问，It receives USD1,500,000 (= 150,000 × USD10), increasing firm value to USD 451,500,000.这里为啥是把15万加到了10年后估值4500万之上。题干说的是Before Series A financing, VoiceKing granted its employees the option to purchase a total of 150,000 VoiceKing shares at a strike price of USD10 starting in five years 也就是5年后可以行权，为啥答案是以10年作为考虑呢？

为什么如果是一long一short，高相关性可以帮cross hedge抵掉一部分

The stated return requirement for the MoneyLover Endowment is 8.0%. Hence, the most appropriate allocation is a combination of Corner Portfolios #3 and #4, which have expected returns just above and below the return requirement. 这个allocation是永远选just above and below the return requirement吗，会取决于Sharpe ratio或者别的因素吗

老师好，为什么swap这道题不选Ａ？根据合成swap，不能收固定，支固定吗

老师，这道题最后一问，退休账户提取受到限制，为什么不能放在免税账户？

distressed debt exchanges这个概念从来没见过呀？请问老师这个是出现在哪里的？原版书 冲刺笔记都没见到过