老师，基于Q9，我有个问题：我们做题时若是为semi-annul pay或者quarterly的话，是可以直接将给定的年利率除以相应的期数对吧？；那反过来，若题中只给了compoundly monthly的利率，我们就不能直接乘以12将其转换成年利率，反而要用EAR的公式计算出一个真实收益率，这样理解对吗？谢谢

不懂为什么小盘股比大盘股要好

nav是内部价格嘛

老师好，这个知识点我都知道，但是这道题想问的是什么我理解不了。 57 Lange is least likely to use the Sharpe ratio to evaluate the ex post portfolio returns of: A Manager 1. B Manager 3. C Manager 2. C is correct. The Sharpe ratio is unaffected by the addition of cash or leverage in a portfolio and would thus not be appropriate to evaluate a portfolio in which an allocation to cash was a key part of the investment decision process. A is incorrect because Portfolio A has neither cash nor leverage as a component of its investment decisions. B is incorrect because Portfolio C has neither cash nor leverage as a component of its investment decisions.

请问a和b都错哪了，a的意思是过度反应，跟这道题有什么关联

这里DD计算需要乘以1%.吗

2020 Mock Exam B - Morning Session 53题 老师好，请帮忙将以下题目考察的知识点再帮我梳理一下。 53 Which of Dwelley’s characteristics of the DDM and NAVPS methods is most likely correct? A Characteristic 3 B Characteristic 2 C Characteristic 1 A is correct. Characteristic 3 is correct because the discount rate (cap rate) used in NAV calculation is based on private valuation of comparable properties. The discount rate used in DDM calculation is based on the discount rate for a public equity investment. B is incorrect. NAV is based on projections of NOI, including expected growth rate for the next 12 months. C is incorrect. DDM is based on dividends, which is the fraction of income paid out to investors, not all earned income. NAV is based on all relevant income, not just income retained by the company.

老师，您好，请问GDP deflator和paasche index 的计算公式是一样的吗

2020 Mock Exam B - Morning Session 50题 老师好，请将以下题目考察的知识点，再帮我梳理一下： 50 Which of Schulman’s reasons regarding her preferred approach to valuing REITs is most likely correct? A Reason 3 B Reason 1 C Reason 2 A is correct. Reason 3 is correct. NAVPS is preferable to BVPS in valuing REITs because of the use of the market value of assets. Although accounting values based on the fair value method also serve as a useful valuation metric, those based on historical cost are generally not relevant. B is incorrect. NAVPS is calculated by capitalizing the rental income streams. Property that is not generating income (e.g., because it is undeveloped) has no contribution to NAV. C is incorrect. Neither BVPS nor NAVPS include intangibles in their calculation.

百题183第四题，为什么div增长率上升股票价格会上涨，我理解为div增长率上去了，发出去的股利多了，留下的少了， 那股票价格不应该下降吗？......