这里的前提得加上：这是非同一控制下的企业合并。 因为如果是同一控制下的企业合并是不产生新的商誉的。

老师 一般情况下 ：什么时候用参数法算var?什么时候用蒙特卡洛模拟？

An Australia-based fixed-income investment manager is deciding how to allocate herportfolio between Australia and Japan. (As before, the AUD is the domestic currency.)Australia’s one-year deposit rate is 5%, considerably higher than Japan’s at 1%, butthe Australian dollar is estimated to be roughly 10% overvalued relative to the Japaneseyen based on purchasing power parity. Before making her asset allocation, the investmentmanager considers the implications of interest rate differentials and PPP imbalances. 1.All else equal, which of the following events would restore the Australian dollarto its PPP value? A.The Japanese inflation rate increases by 4%. B.The Australian inflation rate decreases by 10%. C.The JPY/AUD exchange rate declines by 10%. 答案为什么选C，希望老师解答下，谢谢

If uncovered interest rate parity holds, today’s expected value for the JPY/GBP currencypair one year from now would be closest to: A.126.02. B.129.67. C.130.05. A is correct. If uncovered interest rate parity holds, then forward rate parity willhold and the expected spot rate one year forward is equal to the one-year forwardexchange rate. This forward rate is calculated in the usual manner, given the spotexchange rates and Libors: Se=F=129.67( 1.001 1.03 )=126.02 为什么说uncovered interest rate parity holds, then forward rate parity willhold？

tax那个ppt中，effective capital gain tax第64页ppt中的第二个公式，ppt上给的公式是对的，老师讲错了吧。那个Tecg不应该改成Tcg

麻烦老师讲解下第二题和第四题，不是很理解对应的知识点；答案分别是C,B

老师您好！ Reading10课后题第2题，portfolio为啥不减去Emergency reserve132500？ 难道这132500不应该是以cash的形式持有吗？所以应该从 portfolio中减掉，对不对？ 为什么答案中不考虑减去reserve呢？ 谢谢！

老师你好，请问第二问p值是和谁比较？

Reading10课后题第2题答案中的7.4%为啥是名义收益率？而不是实际收益率呢？ 如果这个7.4%（即82500）是名义利率，那同样是anticipated的卖画收入50000也是名义收入？也就是说假设Christa的卖的画不涨价？ 显然这里的82500和50000两种收入都应该指的的是实际收入呀，它们每年都会涨3% 所以我认为应该拿7.4%和4.5%直接比较，不用考虑3%的inflation 是不是？ 谢谢！

老师好，想问下要怎么理解w1 = w2 = 1 ?那这样两个权重相加不是不等于1了么