老师您好，GIPS课后题中有一道（详见图片），我想知道问题中的“large cash flows methodology，assume 'large' is defined as greater than 5%”指的是什么？是暗示现金流足够大，需要在计算收益时考虑进去吗？谢谢。

请问老师，fair value model 与revaluation model有什么区别？

18.单选题 已收藏 标记 纠错 The most important LIBOR rate for funded investors is the: A 20 year rate. B 1 year or less rate. C 10 year rate. 上一题 下一题 正确答案B 您的答案C本题平均正确率：85% Coupon payment structures难度：一般 推荐：      答案解析 A funded investor is one who borrows to invest. These investors typically borrow short-term and the interest rate on their loan is typically short-term LIBOR plus a margin (e.g. LIBOR plus 30 basis points). funded investors 咋翻译？

11题，不懂…

老师，第三年违约概率不是这样算么？

03.单选题 收藏 标记 纠错 In a single-price bond auction, an investor who places a competitive bid and specifies a rate that is above the rate determined at auction will most likely: A not receive any bonds. B receive the bonds at the rate determined at auction. C Receive the bonds at the rate specified in the investor's competitive bid. 查看解析 上一题 提交试卷 正确答案A 您的答案B本题平均正确率：25% Primary and secondary market for bonds难度：困难 推荐：      答案解析 A is correct. In a single-price bond auction, a bidder that enters a competitive bid specifies the rate (yield) that is considered acceptable. If the rate specified in the competitive bid is above the coupon rate determined at auction, the investor will not be offered any securities. 问：国债拍卖竞价的模式，能否简单说明一下，难道不是价高者得？

请问老师，CV中的下方均值为什么是算术平均而不是加权平均

视频不完整

bank reserve越大，为啥MS越大？按照图中示例，商行有100，reserve requirement是10，贷出去70，bank reserve是20。如果bank reserve增大，比如由20增大到30，那么贷出去的钱就减少10，由70减少到60，那MS相应地应该减少才对啊！不明白

FRM的专题训练，怎么有这么多CFA I 的题目？