请教老师第9题， 题目问的 this type of security 是 能 incentivize 还是能reduce incentives 的 security呢

为什么5.21查的是T表

请教老师第5题， 我们一直说的risk management不针对EL 是针对UL的嘛，那所以觉得D就不对。。。同样的A也不对 这个理解和老师讲的不一样呢

Q100中，是因为只到20就结束了，所以是截尾的对吗？

习题集611题 想让老师帮忙解释一下各个选项

老师好，这道题为什么面值是100？是假定的吗？题目中并没有明确给出呀！或者说用不同面值算出来的结果是一样的吗？

第27题，真实的值在左边，normal在右边不应该是高估吗？

18、A currency swap has a remaining life of 15 months with pay dates at 3 and 15 months. It involves exchanging interest at 14% on ￡20 million for interest at 10% on $30 million once a year. The term structure of interest rates in both the United Kingdom and the United States is currently flat, and if the swap were negotiated today the interest rates exchanged would be 8% in dollars and 11% in sterling. All interest rates are quoted with annual compounding. The current exchange rate (dollars per pound sterling) is 1.6500. What is the value of the swap to the party paying dollars?不是每年以2000万英镑14% 的利息换取3000万美元10% 的利息。那现金流不是支出英镑，收美元吗？为什么老师说是指美元收英镑？

请问老师，第78题的information这个选项，能否解释一下historical value added per unit of risk的意思吗？

A不是ES的吗？