这里算reinvest的I/Y为什么不直接用百分之二annual interest rate 而要用effective annual rate 呢谢谢

mock 135 模拟题44 这里面有个项目是interest expense&payments 我知道interest expense 是利润表项目，利息费用 请问老师interest payments 是什么项目？是不是指已经支付的利息？

为什么他相信房价比14500高应该是原假设大于14500啊

端午节模考题，下午卷 权益题目（Case 5：Marsha McDonnell 25-30）能否每道题都解答一下。 衍生品题目（Case8：Charles Mabry 43-48）能否每道题都解答一下。

根据COGS=Beginning inventory + purchases -ending inventory ,该题为何不减去期末的存货？

想請問這題有關於style declared。 Furilings說"favoring firms that have good governance, strong growth potential, competitive advantages such as branding, and attractive relative valuations" 還有"holds approximately 90 securities." 應該是growth-based approach ＋ Quantatity approach 吧? 但是解答說前面說"Although Furlings is a top-down manager, its sector portfolios are built through investing in a small number of high-conviction securities after its analysts have dissected the financial statements and analyzed the competitive landscape and growth prospects. "但是後來又說"Furlings is a top-down sector rotator with a value orientation within sectors." 這幾題好像非常不清楚，請問怎樣判斷文中訊息比較不會被誤導?

老师，关于转移支付和累计税率的问题，在什么情况下对经济是positiv的影响，金程模考1的题目说：在初始复苏的阶段，Roth observes Country T’（early expansion阶段）s government policies and finds that it is not expected to increase transfer payments or introduce a more progressive tax regime. 不增加对经济有好的影响，我记得之前有个题目说，增加转移支付对经济有positive的影响，是不是这个对经济的影响和经济周期有关，请老师总结一下，谢谢

这道题，debt to capital，capital为什么是debt+equity呢？

想請問為什麼Tokra是使用momentum，為什麼還會caught in a value trap?

FCFF计算，Fixed asset的现金流，有处置的话，=Capex-proceed，为啥proceed=NAV处置＋G/L，处置资产的折旧费为什么不用算进去，公式为啥不是proceed=NAV处置＋dep处置＋G/L