brightcool

QUOTE:

以下是引用ak56在2010-6-7 1:22:00的发言：

 1.降低equity风险 （不好说，按理说：对equity而言，拿着现金比还债好）

 2.增加分红           （肯定错）

 3.增加net income   （对，我记得我的卷上是这个选项）

 4.增加税盾            （错，降低税盾：对）

有选项3吗？你在哪考的

宾客

QUOTE:

以下是引用ak56在2010-6-7 1:22:00的发言：

 1.降低equity风险 （不好说，按理说：对equity而言，拿着现金比还债好）

 2.增加分红           （肯定错）

 3.增加net income   （对，我记得我的卷上是这个选项）

 4.增加税盾            （错，降低税盾：对）

我的卷子上只有1，2，4。兄台在哪考得？

另外，貌似也增加不了net income吧。

ak56

QUOTE:

以下是引用charlottec在2010-6-7 1:17:00的发言：

audit committee 必须都独立， 法律顾问不能有本公司法律部门提供， 另一个也有些不对， 但是没办法 只能选他了

是啊，请外部顾问都是公司掏钱的吧，不是董事会出钱的。能不能理解为hired by management就不知道了

jjkate2001

 我在北美考的，sweep那题我选了C税盾的，不知道对不对啊。。。

brightcool

来自国外评论

 

would like to hear from other retakers

Posted by: gjertsen (IP Logged)

Date: June 6, 2010 09:39AM

My impression of the exam yesterday was.... wow. That felt like a *gift* compared to last year. Pretty sure I botched the first ethics vignette and probably was a little weak on Derivatives, but overall I thought it was fairly straightforward, no surprises, etc.

The biggest surprise was probably calculating a prepayment when we were given not the PSA or the CPR, but the SMM!!

Those of you who took Level 2 last year: did you feel like it was a completely different experience? My theory is that when they first went to the 3 choice format they wanted to make sure it wasn't too easy, and made it a really hard test, and then maybe the pendulum swung back a little too far the other direction

ak56

QUOTE:

以下是引用宾客在2010-6-7 1:26:00的发言：

我的卷子上只有1，2，4。兄台在哪考得？

另外，貌似也增加不了net income吧。

6161 我也不太确定是不是有这个选项，回来翻书说这个对，回忆起来好像又有这个选项

efeepower

analyst forum 都上不去了。又记起几道北美题。

 

quants: 1) why is it not a good time series model? 选了autocorrelation 还有一题和time series 相关的，我记得和ARCH 有关，但不记得题干了。

 

econ：1) regulation on emission: social regulation for market failure, econ regulation for lemon problem, econ regulation for assymetric information? I picked B, but now I think it should be A

2) dealer 1 has bigger spread than dealer 2. I picked expectation on FX volatility.

3) how much foreign currency for 1 dollar using dealer 2?

4) if future rate is higher than expected future rate (I calculated it based on int rate), borrow or lend $?

xiaomaiwd

QUOTE:

以下是引用ak56在2010-6-7 1:26:00的发言：

是啊，请外部顾问都是公司掏钱的吧，不是董事会出钱的。能不能理解为hired by management就不知道了

这题好象问是是COMMITTEE和SHARHOLDER有利益冲突还是和这个外部的咨询机构有冲突(被管理者雇佣的)

应该怎么选啊

brightcool

QUOTE:

以下是引用efeepower在2010-6-7 1:30:00的发言：

2) dealer 1 has bigger spread than dealer 2. I picked expectation on FX volatility.

3) how much foreign currency for 1 dollar using dealer 2?

4) if future rate is higher than expected future rate (I calculated it based on int rate), borrow or lend $?

3）C  3.75？THE BIGGESTONE

4）BUY THE CURRENCY 

xiaomaiwd

下午Forward的几个题目也很搞啊,给了很多利率,还有了INTERETE RATE还给了个EXPECT RATE,就是BACKWARDATION上面那道

让我很是疑惑

最后就是用EXPECT和给的FORWARD RATE减了减算了下

竟然有答案

不知道错没错,感觉问的很怪,条件很多浪费