为什么c错了

为什么选a

为啥要考虑scholarships的资产进来，这部分并不能find new capital improvements

请问这道题 fed fund rate这里为什么没有考虑inflation，所以这个是实际的target rate吗 这个和衍生品里预期出来的那个expected ffe rate 有什么关系和区别吗？谢谢老师

老师，感觉和冲刺笔记上有冲突，比如ESOP，冲刺笔记是保留了控制权的

27题中，答案说高收益债yield curve在contraction会反转，冲刺笔记里我看图里写着early expansion也反转，是否答案少了一个early expansion？另外B为什么对，答案看不太懂，C为何错？

讲一下

为什么不是dark pool

CFA网站上的题目：The fund owns 10,000 shares of Inwood Industries, Inc., which is currently trading at US$100.00. Bennett believes that Inwood’s next five quarterly earnings reports will miss consensus estimates but, longer term, there is value in the equity given the company’s strong backlog of new products. The shares are very illiquid to trade, so Tryon wants to hedge the position over this time frame without selling the shares. Park suggests three total return equity swaps for Tryon to consider. Question Which type of total return swap is Tryon most likely to use given his view on Inwood stock equity? Buy a one-year: cash-settled total return payer swap. cash-settled total return receiver swap. physically settled total return payer swap. 为什么选cash-settled total return payer？payer是指付固定，收浮动；我预计到浮动的收入会降低，应该想要收固定，付浮动去对冲。我认为应该选receiver swap。

请讲下