以下是引用minminmin在2009-5-6 12:24:00的发言：
NOTES 1，108页第二题，为什么B不对？衡量是不是permissable research不是应该依据那个三个level的rule吗?
First, what's the specific rules indeed? We don't know what that rules refer to. As compared to B, C is the "most accurate".
NOTES 5， 53页中间部分，There are开头那段， 最后一句话说second, the true yield for on-the-run issues may be distorted if any of these issues is "cheap" in the repo market. 什么意思？
I suppose you have the knowledge of the repo market. The demand and supply of treasury securities as well as their underlying rates are affected by the repo market. Hence, the repo rates which closely follows the federal rates are used by depository institutions as an overnight financing rate. However, the demand for especially on-the-run treasury securities could be sufficiently high. Hence, people, the lenders in repo market, are willing to pay a cost - lower interest rate - to obtain on-the-run securities.
273页第一个灰色方框里，为什么答案是100,000个options, 1,000个option contracts? 存在什么比例折算关系么？
Note 5 and Page 273? Cannot position which question you were asking.
谢谢！
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发表于 2009-5-6 12:24
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