老师您好，这句话不对是因为这里的bond不是国债吗？谢谢

老师您好，这道题怎么做呢， 完全没思路。 谢谢

老师您好，这道题的答案只是从less-developed 和developed market出发， 我想问一下， 不考虑countryC 的business cycle吗？我是从business cycle考虑的， 所以选的是countryC。 谢谢

老师您好， a country cannot simultaneously have unrestricted CF, a fixed exchange rate, and an independent monetary policy. 我想问一下中国有restricted CF and an independent monetary policy , 我们的exchange rate是fixed的吗？可是我怎么觉得我们人民币的汇率是浮动的呢 relative to US dollar？ 谢谢

老师您好， 这是CASE3和4分别对leading indicator的表述， 为什么case3 的表述对了而case4 的表述是错的呢？ 既然the leading economic indicators are based on an analysis of its forecasting usefulness in past cycles. 为什么case4说： the leading indicator approach has not historically worked呢？谢谢

老师您好， 我想问一下这道题为什么variance of error 是4.4%呢? 从题中的表格我认为ER(U.S. real estate equities)=0.6 E(global equity)＋0.15 E(global bonds)＋4.4%. error 给expected return的贡献是4.4%， 为什么答案中写的variance of errors is 4.4%呢？谢谢

老师，不明白为啥c不对

其实是拒绝原假设的最小的显著性水平，但是检验统计量，却会有很多个呀，我们可以多做几次试验，有好几个检验统计量，对应的P值也会有好多个，哪一个是最小的呢？？？怎么理解讲义中的这个最小呢？毕竟一次实验得到的统计量所对应的P值，未必是最小的呀。

substantially 怎么理解，见到好几次了。大量的？显著的？

请问老师这道题在2022年是不是不能这样考了？2022原版书L1V3的458页和讲义不一样了： 1 The lease transfers ownership of the underlying asset to the lessee. 2 The lessee has an option to purchase the underlying asset and is reasonably certain it will do so. 3 The lease term is for a major part of the asset’s useful life. 4 The present value of the sum of the lease payments equals or exceeds substantially all of the fair value of the asset. 5 The underlying asset has no alternative use to the lessor.