为什么stockdividend不影响equity呢？支付了，股东留下的不就少了吗？

老师。这个题能不能详细说明一下呢

R26的example8，selection的数据计算了下不一致，该数值是否包含了交叉项interaction？

Country Z is a developing market. Less-developed markets are likely to be undergoing more rapid structural changes, which may require the analyst to make more significant adjustments relative to past trends。第3题这个答案在基础课程里有提到过吗？

有人愿意36卖，有人愿意36.5买，那按什么价格成交?

这个题三个选项能详细说明一下吗

请问此题选C不对吧？答案解释：A crude oil producer would be short futures to hedge the risk of future falling prices. For example, falling prices would decrease future sales and income. Crude oil futures are in backwardation, causing successive futures contracts to be sold at lower prices and causing roll yield to be negative。但roll return不是near-farther再除near么？那未来price下降，in backwardation会导致roll return为正才对。谢谢。

老师，收购失败对股东的风险，除了股票下跌，还有什么呢？如果只有股票下跌的风险，那么对于管理层和股东来说，利益是一致的才对呀？

想问一下167这个表格是fix income会讲吗，老师这里没有提到哎

这个题能不能详细说明一下呢