NO.PZ202209060200004004
问题如下:
Is Puhuyesva most likely correct in her comments to Honanie regarding South American debt indexes?选项:
A.No. She is incorrect regarding valuation. B.Yes C.No. She is incorrect regarding tracking risk.解释:
SolutionA is correct. Puhuyesva is incorrect regarding valuation. Equity securities typically trade much more frequently than debt securities, so current market valuations are available. Many fixed-income securities are very illiquid, trading very infrequently. Therefore, pricing and valuation are difficult, and such estimations as matrix pricing, which are subject to error, must be used.
B is incorrect because Puhuyesva is incorrect regarding valuation.
C is incorrect because tracking error (tracking risk) is a good way to measure how well a portfolio is mimicking its benchmark index.
1.请问equity的估值模型比fixed income更reliable是一般性结论吗?Equity也有流动性差的,可以直接比较吗?
2.关于C选项原文的Minimizing costs 和 Minimizing tracking risk 可以同时实现吗?