上涨的不是执行价-合约价8904-7880，和零对比，然后为吗

short sell 和 security lending 是一个意思吗？short sell 是借入股票后卖出，老师这里说的 seller主动找 borrower融资，这个也叫security lending?

老师，经典题。我画的… 判断负的更多是因为在6时，以0时签订的F（1.3936）卖欧元，因为我要roll个新的，所以要在6时刻现货市场先买欧元用来在12卖，要花1.4289。所以亏了。

推荐费是management fee还是incentive fee

economic liabilities就是账面价值的一种说法吗和carrying value一样？

The mortgage payment of the company 属于 CFF 中的哪个? 债券到期归还本金?

对冲组合是short call，payoff应该是一（0，S- X），前面有负号，标的资产波动性降低，S- X低，由于有负号，应该是对冲组合较高值应该上升，怎么解析说下降

CFI,是不是真正确认的是Proceeds received(实际处置固定资产收到的现金) ,而不是 Disposal NBV(被处置掉的资产的账面价值)?

没理解，可否zai解释一下

老师，这题让indicate，是不是要先说明二选一哪一个国家会看到货币升值？然后解释原因？我这么答能不能得分: country X is more likely to experience an appreciate in local currency. Because: 1) Recall the covered interest rate parity, real interest rate should be the same across countries, as country X has a lower inflation rate, it is more likely to have an appreciation in local currency. 2) As new law's that allows foreign direct investment has been passed in country X, international capital is more easily inflowing to country X which could exert local currency appriciation. 3) The current account surplus of country X pushes it's local currency to appreciate. 4) Although country Y has a higher expected GDP growth and government bond rate, which seems more attractive for international capital to inflow to lead local currency appreciation, the deny of direct foreign investment law offset this advantage. Thus country x is more likely to have a currency appriciation.