fra公式中贴现用的continuous compounding，请问考试中是也只会出continuous的吗?还是都会考？

请问如果FRA 2X5的话，settle的时间是第五个月是吗？

不按计算器，常规的式子该怎样写？

请问为什么要把futures rate6%转换成90/365？谢谢

信用风险第5课，第90分钟左右，讲义111页那个表格，A表的显示porfolio A，value大于1000000，那要让B交抵押品，是775000，porfolioB value大于1000000，也要A交抵押品625000，对吧，双边netting一下才是B给A交150000，对吧，是这个意思吗？

老师，可不可以理解price 是present value；face value 是future value?

信用风险第5课里面53分钟老师举的这个·例子，若b和c之间不存在交易，也可以这样netting？

相比较分散性低的组合，分散性高的组合的非系统性风险不是应该低于分散性低的组合吗？

请问在within asset classes 中，要得到流动性溢价是不是就是买入流动性差的 ，卖出流动性好的？ 比如 买入 off the run 卖出on the run

"The CAPM was revolutionary because it was the first cogent theory to recognize that the risk of an asset was not how that asset behaved in isolation but how that asset moved in relation to other assets and to the market as a whole. Before the CAPM, risk was often thought to be an asset's own volatility. The CAPM said this was irrelevant and that the relevant measure of risk was how the asset covaried with the market portfolio--the beta of the asset." What else does he say is true about the CAPM? A.CAPM is known to be a spectacular failure with respect to its predictive power. B.Neither finance professors nor CFO employ CAPM C. Equilibrium asserts that factors are temporary because arbitrageurs eventually eliminate factors. D. Investors make very different predictions about asset returns, variances and correaltions; equilibrium is theory that says this diversity of beliefs is reconciled via the market price mechanism of supply and demand.请老师解释下这题，谢谢！