dmy949

稅是老爸的高，只有income tax有關係，因爲都沒有給estate tax rate

dmy949

上午behavior bias那裏3個問卷都是想體現什麽bias還有人記得嗎？

dmy949

PV=-65  fv=160 PMT=-3 N=15 I/Y=3.15
19146965 发表于 2012-6-5 15:05

    這個應該沒錯，pmt和pv都是負數

dmy949

回复 176# lemonzz


    恩，status quo應該沒問題，你還會記得其他兩個嗎？我記得這題就打個圈但是分數異常多。。。

dmy949

回复  greenturtle


    我忘了，反正是用Poland的算，似乎是18。
casey8192 发表于 2012-6-5 16:37

    這沒什麽好掙得了，書上清楚寫用大的duration。
其實如果某a的both yield and duration higher than 某b，算得是他的yield increase how much to wipe out yield advantage.
如果yield比某b低，算得是how much decrease in yield to wipe out B's advantage。

dmy949

恩，我也觉得，陷阱好多啊，再问下，那个performace attribution里的，bench mark 的currency risk ...
greenturtle 发表于 2012-6-5 16:33

    return 沒記錯應該是第2行的那個最大（貌似UK）的attribution最大，他portfolio local return-BM local return最高，allocation也是最高

dmy949

回复  tt501916


    think in another way again.

if the question is changed to "unexpected DEFLAT ...
tt501916 发表于 2012-6-5 21:56

    Anybody still remember what the question asked? As far as I remember, it was dealing with the correlation with the hedged position and market movement. If this is the case, the prefect hedge will be the one with 0 correlation, coz whatever market moves, it has nothing to do with my portfolio.

dmy949

FOF (Fund of fund) does not or is least likely to need "due diligence", read from textbook. So the a ...
tt501916 发表于 2012-6-5 20:08

Ur right fof does not need details dd, however the question asked what was the problem with fof, which should be it's two layers of mgt fee.

dmy949

GIPS那個，我一直覺得不用想太多，因爲你不知道什麽時候是除淨日
而且題目說的挺明白的，一個是"accrued interest income"， 另一個是"cash dividend"，處理方法應該是不同的

dmy949

回复  jackchou


    65%就已经pass。话说我2级的时候成绩出来比我预期还低点，应该也就65%还是pass了，  ...
antel 发表于 2012-6-6 18:05

     這個的卻沒錯，大家一直在討論的都集中在那個alternative investment上，實際上也就18分（5%)而已。如果之前的Wealth mgt和institute做的好的，抵上這個好多。

不過話説回來，個人覺得CFAI出題目真的挺偏，institute按照past paper我以爲會挑兩個type來做，結果全部都是pension和linking pension L to A的問題。 Fixed income也是，明明好多東西考的，如contigent immunization, bond risk exposure, horizon reture什麽的，他就全放在MBS上。Derivative就全部都是option，連他自己最愛的swap都沒有。