老师，这里的CVi的推导公式应该怎么推呀，没太搞懂

Noemie Acor第一题，RRTTLLU，R（return）R（risk）不都是objectives吗，为啥A不能选

请问第三题怎么理解呀？答案写的不太懂

Home bias occurs when investors exhibit a strong bias in favor of domestic securities in the context of global portfolios. There is no evidence of a home bias in the clients’ common observation. 请问，home bias是可以看到的，有顾客说了只买美国公司股票啊

Nowhere in the scenario did it mention that Jordan classified certain information into a personalized category. Representativeness bias is a cognitive bias in which people tend to classify new information based on past experiences and classifications. Jordan is not relating the certainty about the future or her decision to hold losing positions back to something she has done or experienced in the past. 请问，为什么不是A，没有看到有自我归因啊

Momentum can be partly explained by short-term under-reaction to relevant information, and longer term over-reaction and thus supports Rodriguez’s view that the technical analysis department has value. 为什么其他两个选项不对呢

2021八月考试，这个计算考纲要求吗？

老师，第4题，这个知识点我怎么理解？如何区分这几个收益率？谢谢

原版书Reading20 Example5，第3问，在讨论UK market时，根据Exhibit 49，yield curve的变化应该是+25bp，+5bp，+0bp，+5bp，是否应该是flatter？ 若flatter则应long barbell，但根据Exhibit51和答案，应short barbell，long bullet，为何？ 如何判断是flatter还是less curvature？ 望解答谢谢🙏

老师，modify Duration一般在衡量什么时候使用呢？