这道题考点是在哪里？完全听不懂，老师可以在讲一下下吗

When a client asks her how she makes investment decisions, Petra Vogler, CFA, tells the client she uses mosaic theory. According to Vogler, the theory involves analyzing public and nonmaterial nonpublic information including the evaluation of statements made to her by company insiders in one-on-one meetings where management discusses new earnings projections not known to the public. Vogler also gathers general industry information from industry experts she has contacted. Vogler violates the CFA Institute Standards of Professional Conduct because of her use of:请问付费专家报告这个属于马赛克理论里面哪个象限的信息?有可能非重大或重大，也有可能非公开或者公开，不能具体划分吗

老师，GAAP下为什么Asset 和liability都是等额的数字变化呀？正常Asset端-683（depreciation）liability不应该没变化吗？只是IS中会计入depreciation expense而已?

为什么B选项不对，题目说了在学校的岗位是 It is a volunteer position，说明是没有工资的。而且他在Muller和Harvest的两个工作毫无关系，

老师好，Structural model和 reduced form model, 分别要求解什么变量或者预测什么变量呀？分别是有什么用途呢？是用于解释过去，还是用于预测未来呢？应用场景是什么呢？

老师，第三题也是不太明白。能不能讲一下长期短期用哪个公式判断。利率、通胀、汇率这几个之前逻辑连不起来。不知道怎么判断。有的是PPP，有的是irp…判断不出来。 跟书上对不上。

老师这个案例的第二问，答案里有As a result, a single standard deviation calculated on a return series that incorporates active returns, above and below the base fee, can lead to the underestimation of downside risk.这句话怎么理解？

老师这个题，B不理解。新西兰通胀高货币贬值，利率不是会高吗？（ppp）

多问一句,如果国债定价不准确,那么通过 DCF 其实也可以计算出来 r,这个 r 只能算是一个内部回报率IRR/收益率,但并不能作为市场的无风险利率是吗?

Simon Jensen, CFA, a portfolio manager, participates in an IPO of PT Tech. Jensen prorates the oversubscribed issue on an odd-lot basis to suitable clients. After the successful IPO, his colleague Todd Durkny, a CFA candidate, initiates coverage of PT Tech and sends her "buy" recommendation to all clients by email. She then calls her premium fee-paying clients to discuss PT Tech in-depth. Whose actions are consistent with the Standards?请问这里Jensen违反准则的原因是因为做了零数交易，而没有以最小交易单位交易吗？谢谢。