coolsailor

上午觉得简单的是属于准备比较充分的考生,因为上午的概念题占大多数,且多为边边角角的,不太引起注意.下午的风格嘛,就完全不一样,个人感觉!

bearbee

monopolistic competition---price searcher, yes

perfect competition---price taker, no

ray168168

QUOTE:

以下是引用123oui在2008-6-9 3:36:00的发言：

第二题，是问american put的下线可能是greater than 0 or ____
理论答案是min(0,X-S)，可选答案是
a.0
b instrinic value
c ex price minus present value of stock price
d stock price mnus ex price

 i think d. was stock price minus the PRESENT VALUE of ex price.

so the answer should be b. INTRINSIC VALUE.

did anyone remember this question?

bearbee

what is the lower bound for american put before expiration-----should be intrinsic value max(0,X-S)

newtonyh

应该是选B:intrinic value

davisen

墨尔本考，上下午感觉难度相当,比Mock简单很多，和sample差不多难度。 很多题都不用转弯，直接套数字就行了...什么么唉

上午一个半小时做完，下午的也用了差不多的时间。 反正都检查了一遍，然后正好3个小时用完：）

Anex

=1.496078E-48

uareme

monopolistic competition---price searcher, yes

perfect competition---price taker, no

BearBee, may i know wt the questions is asking about ?

Thanks!

bearbee

QUOTE:

以下是引用uareme在2008-6-10 23:13:00的发言：

monopolistic competition---price searcher, yes

perfect competition---price taker, no

BearBee, may i know wt the questions is asking about ?

Thanks!

just like what you recalled, it's about the price control, i don't remember the exact question. the question asks whether in the following forms of markets the companies have any power to determine the prices of their products 

ray168168

there was another question about leasing instead of buying the planes.

what would be the benefits of doing so?

1. enjoying a lower tax bracket
2. because they gonna continue leasing the planes for a long time

(cant remember the other 2 choices.)

i picked "enjoying a lower tax bracket" cos leasing = more expenses = low incomes & lower tax.

did anyone have a different answer?