楼上说的没错，
4. dollar safety margin= current portfolio value - target value discounted to present by
7. Germany, because the depreciation expected by market (reflected in forward) is smaller than expected by the investment manager, therefore, need to do hedge the German bond
2. 9%, because (1+r(1-equivalent accrual tax))^n=Terminal Value *(1-Tax) | 
发表于 2011-6-8 14:10
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