When market is in recession, why is the spread in mezzanine will decrease and correlation will decrease also? And why is the spread in equity will increase? If the spread increase and the price of equity will also reduce, and when we short the equity we should have gain instead of loss right during the recession time? Could you explain all these in Chinese?

请问在讲义的哪一章节，没印象有讲过

Yellow highlights part - why increase in correlation will increase the variance ?

Conditional coverage and unconditional coverage 差別在那裏?

救救孩子吧，这道题不会做，能讲讲思路和解题过程吗，谢谢ε٩(๑⌓̈๑)۶з

10.8% and 12.8% 怎樣算出？

Why do I not need to add 40bps premium info 8% for discounting? Isn’t it supposed to have risk premium each year? As mentioned in the question

What is MC referring to?

sharp ratio为啥不行啊？

28题是题目错了吧 大于35应该都会收到margin call吧