老师，这个题，正常计算没问题，但是有一个疑问，换个公式算，是不是就不一样了 E(i)=Rf+β（Rm-Rf）， 很明显，Rf、Rm都一样，则E(i)大就β大，请老师解释下，这个问题出在哪里

38：15，capitalization rate是什么？

这页中的dilemma是指什么 文字看的有点云里雾里的。。。麻烦老师讲解一下谢谢啦

R16 124页 第16题答案中关于corporate fix income的部分我不是很理解 为什么 economic growth 和aggregate demand will place upward pressure on bond yield。decrease in consumer spending will not place upward pressure on bond yield？

32. What is the most important effect of labor productivity in a cost-push inflation scenario? A. Rising productivity indicates a strong economy and a bias towards inflation. B. The productivity level determines the economy’s status relative to its “natural rate of unemployment.” C. As productivity growth proportionately exceeds wage increases, product price increases are less likely. 整个题目看不太懂。烦请老师全面地解释一下，谢谢。 解答：32. C is correct. For productivity, or output per hour, the faster that it can grow, the further that wages can rise without putting pressure on business costs per unit of output.

如果计算composite 的 quarterly return， 是先算monthly composite return再linked 还是先算quarterly portfolio return再asset-weighting？

pvd那个公式哪里来的，derivatives里好像没有，是之前数量的内容吗

A选项中，多头换成空头，如何进行操作？不需要像forward contract中重新签一个offsetting contract？

20. During an economic recovery, a lagging unemployment rate is most likely attributable to: A. businesses quickly rehiring workers. B. new jobseekers entering the labor force. C. underemployed workers transitioning to higher-paying jobs. 为什么C不对呢，C和B的区别在哪里？

老师 reading16 第38题计算需要掌握吗？感觉基础班没讲，如果需要麻烦讲解一下