aphay

上午感觉还行，下午差点抓瞎，跳过去两个题，做完了幸好还有时间，回来再做，好像有点思路，反正都填满了，等结果吧！

xuyanyanmo

个人认为是可以的，楼上，但是我觉得restricted stock是不可以的

不知道你们怎么看？

obscurer

记得还有一题是DERIVATIVE要对冲利率下调的风险，又要保持流动性能够享受利率上升的POTENTIAL，应该是SELL PAYER吧

qasw

下午Ethics部分那个compliance officer应该两个都违反了,理由如下:

1) compliance officer认为:为了使指定的公司的regulation易用, 应该把CFA code与公司的policy combined in one page. 这等于CFA code 的陈述必然与公司的policy 混杂在一起,制造出新的标准, CFA Institute岂能容忍?!!!

2) The code applied to members as well as candidates.

算ROE那倒题记得好像是这样计算的: 先根据前5年的Div. growth rate (100% annually)算出 year 5 的Div. , 再用payout ratio 算出EPS, 除以Equity得到答案.

xuyanyanmo

楼上的那个，你是不是把RI和DDM的题搞杂糅了呀……

nowhere

QUOTE:

以下是引用obscurer在2008-6-10 16:47:00的发言：
记得还有一题是DERIVATIVE要对冲利率下调的风险，又要保持流动性能够享受利率上升的POTENTIAL，应该是SELL PAYER吧

我选的buy put and sell cap.....记得题目是对冲利率下跌的风险，同时如果利率不快速上涨，能够有一些收益。

robertwen

In recommended procedures of compliance. Review procedures. Members and candidates should review or encourage their employers to review written compliance procedures on a regular basis in order to ensure that they reflect current law and provide adequate guidances to empoyees concerning what is permissible conduct under the law and or the  CFA Insititue Code and Standards. Recommended compliance procedures for specific items of the CFA Insititue Code and Standards are discussed within the guidance associated with each standard.

So why not the company can establish compliance procedures  or policy based on specific items of the CFA Insititue Code and Standards?

此情可待

兄弟们 我感觉下午的试卷考current temporal题目的几道题目也有陷阱啊 。我记得第二道题目算temporal下面的净利润好像就不是很简单。具体要考虑存货的影响。不知道大家有没有这样的感觉[em01]

yetao

计算 净利润的那题我记得是在current下计算的啊，难道我看错了

aladdin213

NI和CTA都是要一个一个算得，我都没算，瞎猜，要费很多时间，有几套模拟卷子有的