valuation allowance可以因为预期未来收益增加回转吗？

请问，老师在讲FCF的valuation时候，NCC项目里面需要调整固定资产的处置金额，而在FC投资的项目里面也有固定资产处置时的公式？两者的区别是什么呢？

25. Given an independent central bank, monetary policy actions are more likely than fiscal policy actions to be: A. implementable quickly. B. effective when a specific group is targeted. C. effective when combating a deflationary economy. 书本上的答案解释太简单，请说明B为什么不对？

reading14 课后题22 financial capital为什么不是100万而是九十万，不算life insurance呢？

关于第四个example，如果卖一为74.3（300手），卖二为74.33（200手）。新limit buy为74.32（400手），那么会成交74.3的300手和74.33的100手吗？因为这样买下来400股的平均价格还是低于limit74.32的。会这样买入吗？如果是一个immediate-or-cancel order会有多少被cancel？

为什么保证金部分对于资产来说没有变动，他不是支付出去了吗

我实际交的税到底是tax payable 还是income tax expense啊 ?

2. Which is the most accurate statement regarding the demand for money? A. Precautionary money demand is directly related to GDP. B. Transactions money demand is inversely related to returns on bonds. C. Speculative demand is inversely related to the perceived risk of other assets. 这个知识点好像没有在基础班里面提及过，NOTE上也没有，考试需要掌握吗？

为什么coupon payment会上升呢？无违约风险利率上升的话，折现率上升，coupon payment不是应该下降么？

10.单选题 收藏 标记 纠错 A swap that involves the exchange of a fixed payment for a floating payment is most likely equivalent to a series of: A forward contracts that all have an initial positive value. B forward contracts that all have an initial value equal to the fixed payment. C forward contracts that have initial positive or negative value. 查看解析 上一题 下一题 正确答案C 您的答案A本题平均正确率：36% Swap 难度：一般 推荐：      答案解析 Since the cost of carrying an asset over different time periods will vary, the values of the implicit forward contracts embedded in the swap will not be equal. Some maybe positive and some maybe negative. 问：固定 浮动利率互换虽然不考定量，但是感觉这样比定量题还难，对于这种题没有切入点，请问怎么办