A client who is a director of a publicly listed corporation is required by law to refrain from trading that company's stock at certain points of the year when disclosure of financial results are pending. In preparing a written investment policy statement (IPS) for this client, how does the manager deal with this restriction on trading? A It is irrelevant to the IPS. B It should be included in the IPS. C It is illegal for the portfolio manager to work with this client. 他是高管他这要求不违法吗？

请问老师划线这句，加入60的股票和40的T-bill，总资产100，股票涨10%，变为66，总资产106，这个斜率就应该为1，并不是0.6吧？斜率应该跟这个比例没有关系啊

Exchange-traded derivatives are: A largely unregulated. B traded through an informal network. C guaranteed by a clearinghouse against default. clearinghouse会提供担保吗？

你好，关于IS曲线和LM曲线，我有一点混淆，他们分别是一个是同利率成反比，一个是成正比，横轴都是实际总收入（也叫GDP），老师在网课上说，IS曲线是商品市场，LM是货币市场，为什么两个是同利率截然相反的关系? 老师说，利率上升，代表资金成本提高，那投资I就会减少，那根据公式国民收入的支出法，GDP=C+I+G+(X-M),I的减少导致GDP减少，LM曲线说到利率上升，同样资金成本提高了高，如政府调整贷款利率(调高了)，资金应该是紧张吧，属于紧缩了，GDP反而提高了?总之这两个曲线都很抽象，麻烦再解释，也和你容易混淆。

Which of the following yield curves least likely involves observed yields in the market? A Forward yield curve. B Par bond yield curve. C Coupon bond yield curve. 这几个curve怎么理解？

老师 对于第八题 答案是（第二张图标红处）用后付年金算出四年学费的现值，而我用的是先付年金算出的现值。为啥呢？不是说学费什么的都要用先付年金算吗？

An investor enters into a 1 x 3 forward rate agreement with a $1 million notional amount at a LIBOR rate of 2.0%. At expiration, the 60-day LIBOR rate is 2.2% and the 90-day LIBOR rate is 2.1%.What payment will the investor most likely receive? A $333.33 B $332.10 C $332.39 什么公式呢？

COGS对应的只有存货吗？生产的员工费用应该是包括在COGS里的，那么这个Inventory的ending balance的公式里subtraction就不能用COGS了吧，那应该用什么呢？

老师，对于CFI的计算我还是不是很明白；可以在讲解下如何掌握吗？另外可以用图片中的公式解一下下面的题目吗？谢谢。

老师 对于第六题A问，请看我第二张图标红的位置，为啥是1.08的三次方？我认为应该是1.08的四次方（从时间坐标轴也能看出，前面还有四期需要折现呀）