付息债券的这个案例，最后一问计算IRR的时候，题目问的是每年的预期IRR是多少。在计算每年IRR的时候，问什么不考虑概率，而是直接计算当其违约时的IRR。比如计算第一年的IRR，在违约概率下，得到的现金流recovery，在不违约概率下，1时点本身这个公司债还是有其1时点的价值，或者用exposure.

挤出效应，上一个问题打错了

是手段而不是结果，这个解释有点牵强吧。我认为B选项是“局限”不是“结果”呢，而且基础效应是必然会发生的么？也是需要一定条件的吧

Which of the following would a technical analyst most likely interpret as a "sell" signal? A %K line crosses below the %D line. B Signal line crosses below the MACD line. C Rate of change oscillator begins decreasing. 思路懂，但是很难记住，这类题目最好的办法是否只能是在考前看一遍原题？

In Elliott Wave Theory, Wave 2 commonly exhibits a pattern best described as a(n): A Basing pattern consisting of five smaller waves. B Fibonacci ratio percentage retracement composed of three smaller waves. C Uptrend moving above the high of Wave 1 and consisting of five smaller waves. 查看解析 上一题 下一题 正确答案B 您的答案A本题平均正确率：55% Technical analysis theory难度：一般 推荐：      答案解析 Wave 2 is a correction, retracing much of the gain from Wave 1, but not all of it. The lost proportion is usually a percentage equal to a Fibonacci ratio, and it consists of three smaller waves. 请问：这种题是否要对 技术分析的每一种都加以记忆？考到的概率大吗

What is a major problem with long-term cycle theories? A The sample size is small. B The data are usually hard to observe. C They occur over such a long period that they are difficult to discern. 查看解析 下一题 正确答案B 您的答案A本题平均正确率：28% 难度：一般 推荐：      答案解析 Long-term cycles require many years to complete; thus, not many cycles are available to observe. 请问：C在说什么？能否举例说明

在比较不同的method影响时，为什么equity method下，asset，liability和sales最低呢？

如果像我画的紫色部分，开始最后都是上涨 还算 反转模式吗？

Reading29第53题，为何不能用H-model

A head and shoulders pattern is most likely to precede a reversal in trend if: A The left shoulder, the head, and the right shoulder occur on increasing volume. B Volume decreases between the left shoulder and the head, then increases between the head and the right shoulder. C The left shoulder, the head, and the right shoulder occur on decreasing volume. 查看解析 下一题 正确答案C 您的答案A本题平均正确率：48% Common chart patterns难度：一般 推荐：      答案解析 Decreasing volume on each of the high prices in a head and shoulders pattern (or each of the low prices in an inverse head and shoulders) suggests weakening in the supply and demand forces that were driving the price trend. 请问：A head and shoulders pattern is most likely to precede a reversal in trend if 这题的题干怎么翻译啊？precede是什么意思？结合小视频看不懂，能否进一步解释？