机构类客户指什么？ 在这里我的角色是什么？fund manager？Portfolio Manager？

老师，题目中的payoff是指的什么？

选项C是什么意思？

老师，34题是基于拉氏指数还是paasche指数

在t=3时候求Valuation，给出的B1至B3，道理上是不是和T=2时间点的B1至B3，数字上应该是不一样的吧？应该不能直接套用吧！

Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards? A. Financial Conduct Authority. B. Securities and Exchange Commission. C. International Accounting Standards Board。 题干中提到的强制遵守是指什么意思呀？这个题要怎么理解呢？

The objective of financial reporting, according to the IASB framework, is to: A. provide information about the firm to current and potential investors. B. decide the acceptable standards for presenting financial performance. C. minimize management discretion in presenting the financial results of a firm. 老师，这个题目怎么理解呢？

可能还是有些不明白，像2/10，net 30怎么就相当于供应商给企业融资呢？如果和正常情况下供应商让企业30天付款，对比呢？

19年考纲吗？这不都2020年了？这个是最新版吗老师？我印象里考纲有轻微的调整

reading 27 课后题2. 为什么不选HF？是因为hedge fund的投资周期不匹配么？