cososy

QUOTE:

以下是引用wuyuan17在2008-6-9 1:30:00的发言：

PM The last one: equity risk premium: I  use beta*(Rm-Rf)=5.3%,beta =Cov/variance,Var=18%,Cov=480?

R=Rf+beta(Rm-Rf)=Rf+equity risk premium.

I read it twice, it's equity risk premium, not market risk premium.

我也是这么算得：）

cov=290，算出的beta大概是0.8多， 答案是5.3%

azimao

补充点我记得的ＱＭ，　PPP, 双边Ｔ检验，〉＝０，最后一个好像选Ａ，记不太清楚了。

xtajvk

真牛.

不知道ethics如何.前面看有人说small package也不行. 不过我记得说是nominal value and ex post gift should be acceptable if it does not affect your independent and objective.

And if you get your restricted stock compensation and fully disclosed in your report, I think it should be permitted in such case. The key here is whether such additional compensation is fully disclosed so that the reader can evaluate the partiality.

 

xtajvk

It is rather pity for me for forgiving how to calculate the current account balance and financial account balance which list in nearly all references to international finance. Till now I still cannot figure out these methods.

Damn Portfolio. Little knowledge about min var frontier is given in notes. Does this way to test candidates indicate a serioius action of CFA institute to notes? Were we passed the Level II, should we keep using note in level III?

 

aegis88

QUOTE:

以下是引用azimao在2008-6-9 1:50:00的发言：
哪有PREPAYMENT RISK 这个选项?,只有CAP, DEFAULT, DOWNGRADE , AND CREDIT SPREAD.

好像是B， Prepayment Risk, 应该选B as the bond is not callable

超级水星人

那题CMO的,tranch C变成 IO tranch后,tranch A每月应该拿多少,谁还记得啊

azimao

40750

超级水星人

QUOTE:

以下是引用azimao在2008-6-9 2:32:00的发言：
40750

这是选哪个? 我题目都没看...猜的

cososy

QUOTE:

以下是引用azimao在2008-6-9 2:32:00的发言：
40750

请教下是如何做的？不会做，所以直接选了32000

wuyuan17

yes, 40750, PAC amount +interest from last tranche.

But when the PO get most profit(immediately? late? PAC?). I choose according to PAC shedule, I dont know this one really, CFAI so bt a.