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Howd

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tT
发表于 2011-7-11 19:53 | 只看该作者

Exchange-traded put options hedge

general, interest, increase
Exchange-traded put options is suppose to hedge an increase in pension liabilities.

How are we supposed to know that interest rate puts are based on short-term rates in general?! And thus, are not a good way of hedging pension liabilities due to the maturity mismatch.

Did you know that? And in which LOS is it stated?

 

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Valores

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2#
发表于 2011-7-11 19:53 | 只看该作者
are you referring to the schweser exam 2 book 2 essay question on that?

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thommo77

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3#
发表于 2011-7-11 19:53 | 只看该作者
Options on bond futures are longer term. Most Schweser Book 2 is goofy.

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liangfeng

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4#
发表于 2011-7-11 19:53 | 只看该作者
Paraguay, what do you mean by goofy?

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PalacioHill

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5#
发表于 2011-7-11 19:53 | 只看该作者
charly_blue Wrote:
-------------------------------------------------------
> Paraguay, what do you mean by goofy?

In their attempt to make it hard the questions come out goofy. Little minutia like presentation instead of performance etc. More of a lesson in vocab and memorizing lists than what the CFA tests are.

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Analyze_This

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6#
发表于 2011-7-11 19:53 | 只看该作者
BTW this is from a very little section talking about hedging short term eurodollar futures for interest rates and then using bond futures for long term.

It also comes from a place in the curriculum that is from an errata section.

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Roflnadal

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7#
发表于 2011-7-11 19:53 | 只看该作者
Paraguay Wrote:
-------------------------------------------------------
> charly_blue Wrote:
> --------------------------------------------------
> -----
> > Paraguay, what do you mean by goofy?
>
> In their attempt to make it hard the questions
> come out goofy. Little minutia like presentation
> instead of performance etc. More of a lesson in
> vocab and memorizing lists than what the CFA tests
> are.

Totally agree. They try to make things harder than they are meant to be by burying details in long winded paragraphs within verbose vignettes. And the numbers are devious as well

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