ayu3321

回复 401# gshil


    3个都是zero-coupon bond，maturity = duration

ayu3321

回复 407# gshil


    有人看过了，world b是Local的，要+1，最后答案 7

ayu3321

回复 432# andiebogard


    題目問的是哪個方法不合適。

ayu3321

回复 572# 柠檬色的快乐


    除非题目不同，我记得文章后面有一个单独的句子，说必须市价低于一定程度才能交易，肯定不能是 cash flow or market value，这两个都要active trade，只能是balance sheet。

ayu3321

回复 577# 开膛手JACK


    选B，trade volume 下降。 practice有一样的题目。

ayu3321

回复 580# andiebogard


    说的不是一个题目，jack说的是bid ask spread变大的原因，你说的是discount for lack of market and control

ayu3321

回复 586# qazqwe1221


    書上沒有net economic pension liability這個概念，最接近的只有net pension liability，就是BS上的數據。 其他只有economic pension expense比較接近，但明顯不是說的這個。

ayu3321

回复 600# nanoku


    216页那个章节说的net pension liability，就是我说的了，在IFRS下要调整unrg cost，教材后面有例题。 只有GAAP才是Fund status，我看到的考题是IFRS，所以...

ayu3321

回复 607# qazqwe1221


    Because the accounting and reporting of DB pension plans differ between IFRS and U.S. GAAP and companies have different options under IFRS, it is useful to be able to assess a company’s underlying pension liability (or asset) as the pension obligation less plan assets (funded position or funded status). U.S. GAAP reports this net amount on the balance sheet, so additional adjustments are not needed to reflect the underlying economics. IFRS requires additional adjustments to reflect the underlying economic liability (or asset) if a company defers AGLs and/or does not report the obligation for all past service costs. In addition, IFRS includes a limitation on the amount of a pension asset that can be reported. Thus, the amount reported under IFRS is not necessarily equivalent to the economic perspective of the net funded position. Analysts look at the notes to the financial statements to find the gross benefit obligation and the fair value of the assets allocated to pay the obligation to determine the economic net funded position.
(Level II 2012 Volume 2 Financial Reporting and Analysis, 6th Edition. Pearson Learning Solutions 216).

ayu3321

回复 612# sevenquan


    这题 给了revenue 100,给了 NI/revenue 5%,给了 D/E = 1, 还有其他,求出E = 33.33, 5/33.33 = 0.15 , 0.15 * 0.4 = 0.06