borrow rate ＞ lend rate，C选项也正确吧？CML（CAL）会变成折线，折点就是与EF相切点。

请问1.8，如果想用计算器的CF来计算，应该怎么按呢？

请问老师，present value是要未来有稳定现金流的，那像很多固定资产、有形资产只在买卖一刻有现金流产生，是不是就没有present value呢？

After noting positive changes in the aggregate index of coincident economic indicators, an increase in the ratio of consumer installment debt to income would most likely help confirm that an expansion is:A.forthcoming.B.underway.C.ending.为什么不是ending，滞后指标consumer installment不是增长了吗，那不是应该已经经历完了吗

If relative to prior values of their respective indicators, the inventory–sales ratio has risen, unit labor cost is stable, and real personal income has decreased, it is most likely that a peak in the business cycle: A.has occurred. B.is just about to occur. C.will occur sometime in the future.还是没太懂为什么不是B

这个视频怎么一开始就直接是正文了，难道老师刚开始没讲本章概况吗？

senior unsecured debt 不也會有自己的評級嗎？ 債券會有自己評級 發行人也有自己評級 不太明白這題的logic

there are no interest on the margin loan is paid at the end ，還要算Call rate嗎？

1.第一题的C选项怎么不对了呢，它更符合其中一个要求forecast macroecnomic的描述，也可以在其下投资固定收益，不是吗？2.文字答案的最后一句Perceptions and forecasts of macroeconomic conditions are the backdrops for these types of trades是什么意思？

老师这个题勘误，等于不要第一步了，直接给每日利率变动，不用根据ytm算了？