(完整版)FRM一级易错题汇总.docxVIP

Omitted variable bias occurs when the omitted variable is correlated with the included regressor and is a determinant of the dependent variable. volatility Short hedge position=Long the basis Hedging is to for sure that the change of the interest rate will not infect the value of the contract. Benefit 依次是： 0、 0.5、 1、 0.5 利率由前一个 swap date 决定 6-month LIBOR 的表示方法，依然是年华的，需要折算 Current balance is the PV of the pool. Option value is ＄ 300000, option quantity is 100000 张 . 续 Put call parity 中的所有项，都是 0时刻的 PV 续 The chief risk officer of an international bank is instructing his direct reports on best pr