case-robert harding，， buy 120,000 shares when the price is $40 using a limit ordert of $42, 为何，42 不是decision price？

老师这两题没理解在问什么考什么能否做一个解答，谢谢

官网题Windsong

官网题Sabonete

官网题Olivinia

Q. The CIO of a Canadian private equity company wants to lock in the interest on a three-month “bridge” loan his firm will take out in six months to complete an LBO deal. He sells the relevant interest rate futures contracts at 98.05. In six-months’ time, he initiates the loan at 2.70% and unwinds the hedge at 97.30. The effective interest rate on the loan is: A0.75%. B1.95%. C2.70%. 这题什么意思呀

描述waiver of premium咋描述？和non forefit clause 总搞混呢

为什么这个benchmark是uninvestable的，不是说index都是可以投资的吗？

vacation home purchase都说了1.4m为啥还要quantification？钱的来源考试还要写出来？没必要吧直接写需不需要quantifiy就行吧？谢谢

pre-trade adjustment cost 是等于added value(bps)吗？都是以bps为单位的？