我的问题是，在2018年的考试中，对于donation的计算为什么不这样判断，在T0时间的TIA为：salary-tax-expense＋investment portfolio-donation=TIA,即在本题中为250000-250000*0.25-280000＋4000000-donation=3464545，那么最后donation计算结果是442955。如何判断出直接使用investment portfolio-TIA=535455的？

R6书后题第43题, 题里的C选项是错的, 但是把主语换成examination的话, C选项也依然是错的吧?

老师 能否讲解一下例题中关于intra market的carry trade如果yield curve move to reflect forward rate就break even这个点. 题目中NZD4.5年的forward rate会比平均算的2.84多19bps是怎么计算？

原版书后题12题。题目问的是 selection部分那个表现不好，为什么还要加Intersection的部分呢？

原版书后题第七题。Fund1中SMB为0.59，大于0。说明Fund偏向Small Cap。为什么B选项不正确？

原版书后题，Reading36中的24题。计算investment management fee 计算中为什么14%-2%？ 我认为应该是14%-0.5%。

2015 Q9 請問正式考試這樣寫可以嗎? A 1. The fund wants to construct a portfolio biased toward small-cap stocks. By choosing an equal-weighted index as a benchmark, which weights amount of positions in the index equally, the fund wont overweight return attributed to large caps. 2. The fund plans to set the position size between 3% to 5% for each position. With a small range of deviation in position size, using an equal-weighted index is suitable. B Objective 1 Hedged return with forward contact: 1.2065/1.1930 = 1.0113 or 1.13%; Unhedged return: 1.2045/1.1930 = 1.0096 or 0.96% 1.0113/1.0096 -1 = 0.17% or 17bps. Objective 1 cant be achieved by buying a 1-yr forward contract. Objective 2 Unhedged volatility: Variance: 5%^2 ＋ 15%^2 -2*15%*5%*-0.07 = 0.0239 Volatility: 0.0239^0.5 = 15.47% Hedged volatility: 15% 15.47% - 15% = 0.47% Objective 2 cant be achieved by buying forward contract. C 1. Aron should execute trade 2; 1.60 * 1.05 = 1.68 Aron should buy a call at 1.6 strike and sell a call at

老师，麻烦问下，现在业绩评估GIPS还是考点吗？

九宫格中竖着的A列不用计入吗？

九宫格中竖着的A列不用计入吗？