考试在即，有几个问题：

1，主观题怎么评分？如果一个题好几问，因为第一问做错导致后面的做错，即使后面的解题思路完全正确，是不是也不给分？

2，主观题答题的时候能不能用缩写？

3，规定要带pens (with blue or black ink) for the essay portion，这个包括圆珠笔么？如果卷面涂改，或字迹潦草，会不会影响分数？

4，官方教材第四本第37页，YTM降至3.75和升至5.8，对应的541.36和460.55怎么来的？

望高人指点。

谢谢。

[此贴子已经被作者于2009-5-22 12:35:49编辑过]

sample exam 1， Q25， 为什么不选C？解释里引用的那句话，怎么就能看出是要match portfolio's duration with benchmark index's duration?

sample exam 2:

Q14: negative correlation is definitely right, but why high volatility?

Q24: I do not think Sortino ratio is a good answer, cause it says" departures from normality of returns can raise issues for Sortino ratio as much as for Sharpr ratio". Therefore, if option A is not right, then option B cannot be right too. The explanation does not make sense to me.

What do you think? Any opinions, concerns, and comments are appreciated.

3，规定要带pens (with blue or black ink) for the essay portion，这个在哪里写着呀，essay 部分肯定不能用铅笔吗？

多谢6楼。

BTW，你sample1做的怎么样？

[此贴子已经被作者于2009-5-26 1:29:48编辑过]

25/30

sample的题感觉容易些，考试有这个正确率就够了，呵呵

这个正确率岂止是够啊！

"you must use blue or black ink, but you use pencial, we still grade"

funny, right?

我还是不用铅笔了。不过我根本没钢笔，也很久不用钢笔，很想知道圆珠笔行不行。现在用钢笔不知道还会不会写字了。

发的信还没收到回复。

[此贴子已经被作者于2009-5-27 2:56:19编辑过]

[此贴子已经被作者于2009-5-27 7:07:19编辑过]

that helps.

Thank you so much.

sample 2 Q14:

Var (p) = Sum of n Var(i) + Sum of n*(n-1) Cov (i,j)

Cov (i,j) = rho * sigma i * sigma j

When rho < 0, Var (p) decreases as sigma i, sigma j get larger.

Given negative correlation, larger volatility (as massured by sigma or Variance) results greater diversification benefit

可是那样的话，var(i) 也大了，所以整个Var(p)还是大了啊...