请问，第二个计算，涉及12次方，怎么用计算器计算呢？谢谢老师

第41min, 为什么这里actual value和forcast value的相关系数等于X和Y的相关系数？

老师，关于利率期权，settlement发生在4时点（图一），而FRA，settlement发生在1时点，是不是可以这样理解（图二）？？

When accounting standards require an asset to be expensed immediately but tax rules require the item to be capitalized and amortized, the company will most líkely record: A a deferred tax asset. B a deferred tax liability. C no deferred tax asset or liability. 不明白这个题

reading 27 7.1.2; exhibit 21 不太理解为什么high-yield credit 会有positive skewness. 不是high yield bond的风险特性是处在股与债之间的么？是因为能发行high yield bond的公司有什么特性么，还是和投资high yield bond的策略有关？

如果是price weighted 是不是；（25+49+29）-(20+50+26)这个整体再除以3

The author of a new textbook received a $100,000 advance from the publisher this year. $40,000 of income taxes were paid on the advance when received. The textbook will not be finished until next year. Determine the tax basis of the advance at the end of this year. A $0. B $40,000. C $100,000. 不明白这个题

Volatility trading中VIX option。如果题目说有Long exposure，怎么理解？ 是不是指Net position是看多的？ 同样的，在外汇交易的Volatility trading中, Long straddle，是不是就存在Long exposure？值就是C P的期权费？ 外汇远期交易策略中的Long exposure 和 Short exposure怎么判断和计算值？如200页题中: The firm has long exposure。

reading 27 8.3 部分，不太明白为什么预料bear market 下，GP会加快capital call，未来bear market不是说明机会少么，为什么还要加快？

老师上课的时候这几页基本没讲，是不重要么？但是课后题里面有相关的