应该是R(Hedging instrument)不是R(Hedge ratio)吧？老师口误了？

百题Case4问题5, 这道题老师视频中的解释我没太理解. 为啥Total Return更好? Total Return是如何"Regard differential"的?(相对于截图中的画线内容)

百题Case4问题2, 麻烦老师能不能告诉我一下income risk的定义是什么?

百题Case1问题4, 请问老师能不能告诉我一下Cap risk的定义是什么? 谢谢

Term risk是利率风险嘛？

这里8.48不用加通胀么

这里moderate的意思是什么，考试可以直接替换成small么

請問關於protective put這樣寫有沒有哪裡需要加強的謝謝 1. The hedging tool referred to is protective put. The protective put is constructed by longing positions and puts and can allow investors to protect the downside and retain the upside of the underlying positions. 2. The protective put can deliver the desired result as the investor wants to lock-in a floor price and retain the unlimited upside.

在DB养老金计划中，shortfall risk和Longevity risk的风险分析角度有什么不同吗？

請問關於goal based這題解答寫得很長，如果我考試的時候這樣寫是否不行? 1. The investor allocates a large amount of his capital to assets exposing to high volatility, which might pose too much risk. 2. The amount of assets being located at each level depends on the volatility and probability of achievement of a specific goal. 3. The aspirational bucket should allocate a lower amount of the investor's capital because the asset allocated at this level indicates a lower probability of success and higher volatility. Morrison allocates 90% of his assets to the aspirational bucket, which indicates he is exposed to too much risk.