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CFA问答
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老师,1.这道题不选a,判断逻辑是不是:因为组合B的cash flow yiled低于组合C,应该是lower cash flow reinvestment risk?2.这道题不选c,判断逻辑是不是:组合B的convexity小于组合C,应该是provide more protection from yield curve shifts and twists?
More generally, and regardless of the quoting convention, the currency with the higher (lower) interest rate will always trade at a discount (premium) the forward market.这个意思是指,长期来看:如果A 国家的货币有比较高的利率, 往往最终在 forward market (远期市场中) 中这个 A 国家货币会有一个贬值 discount,所以这个国家的远期汇率高于即期汇率.汇率这里的标识应该是:A/B.是吗?汇率(A/B)增加,A贬值.
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