01.单选题 已收藏 标记 纠错 HobbyHorse Syndicate has entered into a “plain-vanilla” interest rate swap on $100,000,000 notional principal. HobbyHorse receives a fixed rate of 8 percent on payments that occur every six months. Winnie Investments, a swap broker, negotiates with another firm, WhoaThere, to take the pay-fixed side of the swap. The floating rate payment is based on LIBOR (currently at 7 percent). Because of the volatile interest rate environment, HobbyHorse has created a reserve to cover any cash outlay required at settlement dates. At the time of the next payment (due in exactly six months), the reserve balance is $150,000. To fulfill its obligations under the swap, HobbyHorse will need approximately how much additional cash? A $350,000 B $0 C $375,000 查看解析 下一题 正确答案B 您的答案A本题平均正确率：51% Forward pricing and valuation难度：一般 推荐：      答案解析 问：利率互换这块会考计算吗？基础课老师没有讲 把这里跳过去了。

这个c不是房地产股票吗？

老师你好，这里差不多是说CFO=NI+NCC-WC Inv,按间接法计算CFO时分三步调整，第一步调整非现金项目，即加折旧和摊销，第二部是调整非经营项目，+gain/-loss,第三步调整B/S相关科目，这里NI+NCC-WC Inv其中NCC相当于加回折旧和摊销，-WC Inv相当于调整资产负债表相关科目，那+gain/-loss呢？为什么不需要调整？老师上课时说如果这里的NI给的就是经营的NI，则不需要调整这一步，关键是一般的NI并不是经营性的NI吧？不明白这里为什么直接这样默认NI就是经营净利润？

z test， f test分别怎么test？

2017年 Question9 D，trade 2 不是很理解利率下降时，降低duration比提高duration表现差

Monte carlo analysis的rebalancing具体指什么意思，不是很理解，或者能举例说明一下吗

课件ppt84,这道题中option payoff 600000是在8月20号进行的，那最后的式子中，40m跟2m都是在2月16号付清的，600000不应该加上时间价值吗

05.单选题 收藏 标记 纠错 Which of the following is the price of a forward contract? A Is the amount paid at expiration. B Fluctuates over the term of the contract. C Is the amount paid at initiation. 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率：68% Forward pricing and valuation难度：一般 推荐：      答案解析 The price of a forward contract is the amount paid at expiration. 问：老师我这边有点较真，题目说是" price of a forward contract"即合同的价格，并非forward price，所以该表达应该是和valuation一个意思吧？

老师，固收…就这种题，我看到知道说拿PR当CR带进去，再求出spot rate，再把本来的coupon带进去求价格，再比较市场价。 但是，我不知道因为啥…已经给的spot rate 为啥不能用？非得再求一个？

21题为什么不选C？ plan b 和c 有什么区别？