49题目 问题如图

这个题讲解下吧，正向风险行为指的是更加注重控制风险吗

选项A与C

为什么liability-sensitive，利率上升时，NIM是降低的呢？

请问老师，百题第13题，为何切99%的分为点的时候是从number:0的一侧开始切出1%？在我看来应该从number：3的一边开始切，因为number:3是三个bond都损失的，损失最大的一侧是最尾部的，那么不是应该从尾部number=3这边切嘛？ 这道题在讲解中切了number=1的那边（从number=0开始统计1%，找到了number=1是切到了1%），我思考感觉不对。求讲解，谢谢!

请教一下选项3。lower confidence level的话，不是增大了alpha，即拒绝域扩大，Type I error上升，Type II error下降吗？为什么解答中说是non-rejection regions扩大呢？

老师您好也就是说题目中，给出的 asset return 只会用在求physical PD 来用对吧， 剩下的计算还是要用rf~

押卷题44题，老师说让我们看答案，但答案只有一个选项，可否详细讲解一下，谢谢。 44. A European put option has two years to expiration and a strike price of $101.00. The underlying is a 7% annual coupon bond with three years to maturity. Assume that the risk-neutral probability of an up move is 0.5 in year 1 and 0.60 in year 2. The current interest rate is 3.00%. At the end of year 1, the rate will either be 5.99% or 4.44%. If the rate in year 1 is 5.99%, it will either rise to 8.56% or rise to 6.34% in year 2. If the rate in one year is 4.44%, it will either rise to 6.34% or rise to 4.70%. The value of the put option today is closet to: A. USD 0.77 B. USD 0.85 C. USD 1.49

押卷的53题，还是不明白，可否再详细说一次。53. A firm has entered into a USD 20 million total return swap on the NASDAQ 100 index as the index payer with ABC Corporation, which will pay 1-year LIBOR ＋ 2.5%. The contract will last 1 year, and cash flows will be exchanged annually. Suppose the NASDAQ 100 Index is currently at 2,900 and LIBOR is 1.25%. The firm conducts a stress test on this total return swap using the following scenario: NASDAQ 100 in 1 year: 3,625 LIBOR in 1 year: 0.50% For this scenario, what is the firm’s net cash flow in year 1?

市场风险经典题29题，老师可以解析一下吗