老师，我问一下， 1、DPI课件上，前面公式和后面计算题的算法不一样啊。是不是写错呢？ 2、paid in capital是不是指投资者实际出资的金额呢？ 3、这个例题中Distribution的数据是怎么来的，题目给的吗？还是根据前一年的Operating Results决定的？麻烦解释一下，谢谢。

With an accrual bond, payments are deferred to maturity and then disbursed along with the par value at maturity. 这句话是什么意思？Accrual bond 是零息债券吗？

01.单选题 已收藏 标记 纠错 Which of the following is a unique feature of hedge fund indices? A Hedge fund indices are frequently equal weighted. B Hedge fund indices are determined by the constituents of the index. C Hedge fund indices reflect the value of private rather than public investments. 查看解析 下一题 正确答案B 您的答案B本题平均正确率：47% Other equity index &fixed-income index& alternative investments难度：困难 推荐：      答案解析 Hedge funds are not required to report their performance to any party other than their investors. Therefore, each hedge fund decides to which database(s) it will report its performance. Thus, for a hedge fund index, constituents determine the index rather than index providers determining the constituents. 问：对冲基金指数由成分股决定，能否在通俗的解释一下

Roll yield 这个可否换个简单的例子解释一下？

07.单选题 已收藏 标记 纠错 Which of the following description regarding fixed-income indices is most accurate? A Rebalancing and reconstitution are the only sources of turnover in fixed-income indices. B Liquidity issues make it difficult for investors to easily replicate fixed-income indices. C Fixed-income indices representing the same target market hold similar numbers of bonds. 查看解析 上一题 下一题 正确答案B 您的答案B本题平均正确率：79% Other equity index &fixed-income index& alternative investments难度：一般 推荐：      答案解析 The large number of fixed-income securities—combined with the lack of liquidity of some securities—makes it costly and difficult for investors to replicate fixed-income indices. 问：C为什么错，可否再详细解释一下

问：return有两种：price return 计算是不带股利的，total return计算是带股利的；index有5种，要求掌握计算的是前4种（即 排除基本面的那个）。这样一组合应该是8种。所以我在想这道题没有说是price return还是total return，那么到底考虑不考虑股利？

casebook 上册的第54页的A，请问这里的cash reserve应该怎么理解呢？为什么会出现两种不同的答案？

01.单选题 已收藏 标记 纠错 For rebalancing and reconstitution of security market indices, which of the following statements is most accurate? A Equal weighted indices require frequent rebalancing. B Turnover within an index results from a reconstitution but not from rebalancing. C A price-weighted index requires rebalancing more than a market-capitalization weighted index. 查看解析 下一题 正确答案A 您的答案A本题平均正确率：79% Rebalancing and reconstitution of an index难度：一般 推荐：      答案解析 Price-weighted indices are not rebalanced because the weight of each constituent security is determined by its price. For market-capitalization-weighted indices, rebalancing is less of a concern because the indices largely rebalance themselves. 问：题目能够选出A.问题如下 1.B选项 turnover是周转的意思，具体是不是指 股票成分的变动，还有比率的变动也算在内？ 2.C选项可否举例说明？

05.单选题 已收藏 标记 纠错 The values of a price return index and a total return index consisting of identical equal-weighted dividend-paying equities will be equal: A The values of a price return index and a total return index consisting of identical equal-weighted dividend-paying equities will be equal only at inception. B Fundamental weighting requires an adjustment to the divisor after a stock split. C Proxies to measure unsystematic risk which is one of the uses of security market indices. 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：87% Price Weighting and Equal Weighting难度：一般 推荐：      答案解析 At inception, the values of the price return and total return versions of an index are equal. 问：我有一点较真，想明确一下 1.“consisting of identical equal-weighted dividend-paying equities”是不是只是total return的定语？2.如果是，它只是想强调一下total return这种方式是含股利的吗？3.还有 identical equal-weighted 这个在这句话里有什么意义？请逐次回答 谢谢

synthetic equity 的目的是？或者说适用于？ 谢谢老师!