comp_sci_kid Wrote: ------------------------------------------------------- > Road2CFA Wrote: > -------------------------------------------------- > ----- > > > 4.35 > > yes > > > > > -------------------------------------------------- > > > ----- > > > net-of-fee lower gross-of-fee lower anyone? > > > > both lower > > > > > PJStyles Wrote: > > > > > > -------------------------------------------------- > > > > > > ----- > > > > I put Japan and Japan back to back… > Thought > > > > > it > > > > was Japan for the 1st one because the hedged > > > > > return is just the difference in the bond > > yield > > > > and the cash rate… Only Japan and 1 other > > > > > country had a positive spread (bond yield - > > > > cash > > > > rate). > > > > Japan, Japan, UK > > > > borrower quality > > > > Level III candidate and passed Level II both > > correct > > That is what i got 
> > > > > CFAAtlanta Wrote: > > > -------------------------------------------------- > > > ----- > > > Mod Dietz 3.3% TWR 4.5% > > > > > > I f up the currency returns on Singapore > dollar > > > > > question… didn’t notice it was not local > > > currency. > > > > TWR - 3.3% Mod Dietz - 4.5%. Mod Dietz will > yield > > higher return potentially that’s why GIPS > required > > TWR after some time in future (2010?) > > > > 2.86% > > That is what i got too Ditto for me as well.
-1%, 3% for true and misfit, -0.2 for the true tracking error?
actuaryalfred Wrote: ------------------------------------------------------- > -1%, 3% for true and misfit, -0.2 for the true > tracking error? Sounds good to me. (-.2) was true IR though
actuaryalfred Wrote: ------------------------------------------------------- > -1%, 3% for true and misfit, -0.2 for the true > tracking error? correct. Damn alrfred you are on fire 
right I meant IR
comp_sci_kid Wrote: ------------------------------------------------------- > actuaryalfred Wrote: > -------------------------------------------------- > ----- > > -1%, 3% for true and misfit, -0.2 for the true > > tracking error? > > > correct. > > Damn alrfred you are on fire Another ditto for me… Starting to feel good but notice everyone else getting all these right as well which means Ethics will come back to haunt me.
Implied difference between cost of capital and growth?
Git R Done Wrote: ------------------------------------------------------- > Implied difference between cost of capital and > growth? It was the equity risk premium. I think the Q was implied difference between growth and the risk free rate.
I remember a number 3.345%, anyone remember what’s that?
I think it’s dividend yield…
prockets Wrote: ------------------------------------------------------- > I think it’s dividend yield… correct
I also said div yield, just rearranged the equation
dividend yield here, it should be right as long as there is no trick
My answers.Hope it’s not a violation. Let’s discuss) all beneficiary wife regular (IPO) method OK, %% not %% from debtor - not CFA ® decline assets review quaterly move trades - OK keep confidential and dont use 4,35% taylor japan japan UK 2224 16,3 PE div Yield price-down (A) Core satelite Strategy OK all equity stock in index bias toward growth stock Buy 5 and 7 zerocoupon 5,8d Buy OptionDefault Swap Buy Swaption rebalance - not easy No lock up,high commision CTA - correct Correct Duration 0,95 Pay 9775000 Contracts 35 Notional 208000 3 years correct, notional down - OK breadth - OK, but doubling - not double IR IR Incorrect buy IR - 1st the best (-1 real and 3 misfit (-0,2 IR sharp game - 3 (buy OTM calls) 3 portfolio (D) - cause MBS contingent yes, cap - no 12,3% Diez 4,1 4,5 IRR - if bonds with large CF private equity exclude, all years - all correct
dividend yield, P = D1 / (k - g) => (k - g) = D1 / P
not core satellite. portable alpha. He didn’t want to overpay for manager who delivers passive returns.
CFAAtlanta Wrote: ------------------------------------------------------- > not core satellite. > > portable alpha. He didn’t want to overpay for > manager who delivers passive returns. he couldnt go alpha as he was restricted to hold only, so it is core satellite
comp_sci_kid Wrote: ------------------------------------------------------- > CFAAtlanta Wrote: > -------------------------------------------------- > ----- > > not core satellite. > > > > portable alpha. He didn’t want to overpay for > > manager who delivers passive returns. > > > he couldnt go alpha as he was restricted to hold > only, so it is core satellite Ditto
oh crap… I had marker core satellite and then went back and changed. So he was restricted to long only? Is there any long only alpha strategy ;-)?
ponponpq Wrote: ------------------------------------------------------- > I put borrower quality… because of the > collateral… > > Ponpon Agreed.