（之前提问截图错了，抱歉）请问老师：基础班 session14 credit risk这节，讲义第45页例题，算出来➖0.100736CNY/USD，应该是每1美元forward所对应的loss吧，答案当作“amount of credit risk per 1CNY”好像有误。谢谢老师！

刚刚字数满了, 问题是: 利用利率平价, 我觉得他说反了呀~

Sheroda is considering international securities but does not want to be exposed to foreign currency risk. She asks Parisi if there are derivative contracts to address this risk. Parisi comments, “there is a large market for foreign exchange forward contracts that are used to hedge this risk. Let’s assume you want to hedge a EUR investment back to USD. The carry adjustment in a currency derivative contract is very similar to other carry models such as equity derivatives. In this case, if the USD/EUR forward exchange rate is higher than the current spot rate, then the Eurozone interest rate must be lower than the US interest rate.” Is Parisi most likely correct regarding his comments on foreign exchange contracts? Yes. No, he is incorrect regarding the lower interest rate. No, he is incorrect regarding carry models. A is correct. Parisi is correct with regard to both the carry adjustment in FX forward contracts and that the Eurozone interest rate must be lower than the US interest ra

请问老师：基础班 session14 credit risk这节，讲义第45页例题，算出来➖0.100736CNY/USD，应该是每1美元forward所对应的loss吧，答案当作“amount of credit risk per 1CNY”好像有误。谢谢老师！

1、这个Case没太读懂。W的工作需求和其他人有冲突，当W从网上知道一个建议后，用一些新的文章写了个报告，认为这个资产是“hot”的。是这个意思吗？ 2、评论说让W的这篇报告post出来就是公司的程序缺失？后面的没看懂了

老师您好，请问怎么理解图里的这个关系呢？ 图中是利率和标的资产价格，那如果换成利率和期权价格的话，还同理吗？

A is correct. For an insurance policy, the amount of the loss that the insured is willing to bear is known as the deductible. For a protective put option, this amount is equivalent to the difference between the stock price and the put exercise price. Bochanski’s statement relates to the deductible. B is incorrect because a protective put’s time value and an insurance policy’s premium are considered to be equivalent. Neither of these are related to the protective put/insurance policy deductible. C is incorrect because a protective put’s stock volatility is analogous to the likelihood of loss for an insurance policy. A protective put’s time until expiration is analogous to the term of an insurance policy. None of these are related to the protective put/insurance policy deductible. A我懂, 但是B, C请老师分别解释下, 感谢!~

题目: Bochanski cautions that covered call options are not as effective as protective put positions in protecting the portfolio against any future downturn. He comments, “Protective put positions are analogous to insurance policies.” When implementing protective put positions, Bochanski states that factors he considers are stock price and put exercise price. Upon thinking about Bochanski’s statement, Dan Smith states that he would consider time value and upfront premium. Beauregard adds that she considers stock volatility and time until expiration. Q. In comparing insurance policies to protective put positions, whose statements most likely relate to the amount of loss that the investor is willing to bear? A. Bochanski B. Smith C. Beauregard 字数超限了, 老师请refer to 下一题, 谢谢!

20.对于会计政策的调整，不是需要追溯以前的会计年度吗，不是应该选a吗，为什么是c，还有答案讲的是什么意思，翻译下，谢谢

老师17题为什么没有450的哪一笔呢，在输CF的时候，