请问这节课中提到的fully-amortized bond(index-annuity bond)和non-amortized bond(interest/capital-indexed bond)是指摊销的债券中的那一部分，并且怎么摊销呢？不理解。麻烦解释下。谢谢

A 24-year-old woman is using the following information to plan her retirement: She assumes her consumption expenditures will increase with the rate of inflation, 3 percent, until she retires. Upon retiring she will have end-of-year expenditures equal to her consumption expenditure at age 68. The minimum amount that she must accumulate by age 68 in orders to fund her retirement is closest to: 老师您好，这个题里面 3%的inflation 这个条件怎么用，另外还有整个怎么求

A 24-year-old woman is using the following information to plan her retirement: She assumes her consumption expenditures will increase with the rate of inflation, 3 percent, until she retires. Upon retiring she will have end-of-year expenditures equal to her consumption expenditure at age 68. The minimum amount that she must accumulate by age 68 in orders to fund her retirement is closest to:

这个题目wrote a put option是什么意思

纪老师在讲这边的Hedge Fund Fee所有的的出题可能性时，这边给出的一个例题里面第一步 1.2是从哪里得来的？给的数据中没有提及这个1.2. 还有就是最后在求IF is net of MF，Soft hurdle rate的情况时，为什么Net return 不是（40-4.8-8)/200 而在hard hurdle rate 时都减去了IF and MF?

老师好，请教一个与考试可以说是有关也可以说是无关的问题：预售账款计入现金流的吗？当前有个公司叫做无忧英语（美国上市的中概股，COE），每个季度都存在大量的预售账款，按照我们学的公式：CFO=NI NCC-WCinv；FCFF=CFO Int（1-t）-FCI，又因为WCI=delta（现金外的CA）-delta（短债外的CL），预售的现金好像又从wci里面剔除了，那好像和收到的预售账款无关了哦？？？那么这类大量预售账款的企业，这种预售账款算不算进现金流呢？谢谢！

老师，这个表格里Duration和PVBP相差100倍是偶然的吗？应该怎么理解呢

2018年上午题2-C，请问老师output gap 变大应该是意味着会经济衰退吧，那为什么通胀还会增加呢？

Which of the following statements describe histograms and frequency polygons least accurately? A A frequency polygon is constructed by plotting the midpoint of each interval on the horizontal axis. B A histogram connects points with a straight line. C A histogram and a frequency polygon both plot the absolute frequency on the vertical axis. 老师，这个题又不会了

第二阶段的r-g为何不用题目给出的cap rate6.5%计算？ 二阶段折现率应该用cap rate+g反推出来的r=10.5%，不对吗？不是说房地产估值折线率看资金属性而不是时间吗？