金程問(wèn)答
Q3,equity增加，R/E增加，NI不是應(yīng)該減少么？
老師，這里date4的exposure為什么沒(méi)有coupon
關(guān)于paripassu，請(qǐng)問(wèn)1.這里如果c違約，A不違約，那么A是否可向cds的long方求償；如果D違約，A不違約，那么A是否可求償？
老師能不能再解釋下pathwise的估值邏輯
老師你好，“Implied volatility is higher for lower strike prices than for higher strike prices; therefore, out-of-the-money put options will generally be more expensive than out-of-the-money call options.”為什么可以推出價(jià)外看跌期權(quán)比價(jià)外看漲期權(quán)更貴？然后有怎么更選項(xiàng)B聯(lián)系起來(lái)？選項(xiàng)B：Using out-of-the-money options to hedge is more expensive than establishing a long position with out-of-the-money options，為什么價(jià)外期權(quán)對(duì)沖比long一個(gè)價(jià)外期權(quán)更貴？ 不太理解這道題在考什么，請(qǐng)解釋。
Q2，不是借錢發(fā)股利嗎？不也算是不合適的股利政策？
老師，這里萬(wàn)能公式和反向合約邏輯是一體的么？記得基礎(chǔ)課上講萬(wàn)能公式?jīng)]提到反向合約的邏輯點(diǎn)啊
老師好，請(qǐng)問(wèn)FRA怎樣 can be done in conjunction with a Euribor deposit？請(qǐng)舉例詳細(xì)說(shuō)明有deposit和沒(méi)有deposit的情況。
老師好，不太理解這道題目里為什么is incorrect in her description of pricing differences between the spot and futures markets based on accrued interest. 請(qǐng)?jiān)敿?xì)解釋Bond Futures的報(bào)價(jià)和Spot Bond Market的報(bào)價(jià)有什么相同和不同之處以及聯(lián)系?！癟ypically, bond futures are quoted with pricing that reflects interest accrued since the last coupon payment. Therefore, in markets where spot prices are quoted “clean” rather than “dirty,” there can be some disconnect between spot and futures prices.”為什么題目中這么陳述是錯(cuò)誤的？
股權(quán)收益的互換期初涉及交換本金嗎？？ 否則為什么期末要交換本金？每期結(jié)算的時(shí)候不是只把對(duì)應(yīng)的收益軋差嗎?
計(jì)算拆分前和拆分后的估值，為什么不考慮集團(tuán)化折價(jià)
老師為什么用full商譽(yù)方法少數(shù)股東權(quán)益也會(huì)上升，商譽(yù)不會(huì)使現(xiàn)金也變少嗎
Q3并表不是應(yīng)該用收購(gòu)公司的post-acquisition表么？
請(qǐng)問(wèn)第四題為什么要簽訂一份反向合約把原來(lái)的合約平倉(cāng)平掉？這題沒(méi)太看懂
老師好，為什么這道題算Vt(swap)=PVt(Equity)-PVt(floating) 當(dāng)t=90時(shí)，這兒的PVt(floating)，f1不用+1呢？
程寶問(wèn)答
