= A  A spot rate is defined as the yield to maturity on a zero-coupon bond maturing at the date of that cash  flow.  CFA Level I  "Introduction to Fixed-Income Valuation," James F. Adams and Donald J. Smith  Section 2.4      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 2016年6月CFA报名开始及具体报名流程（第一阶段截止至9月23日） CFA考试介绍及难度 工作后适合考CFA吗？在职如何备战CFA考试？    

想要拥有更好的生活，就必须有足够的努力，不断的给自己充电，来提高自己的社会地位。在英语越发重要的今天，相信有很多人都想提高自己的英语口语，这个时候英语口语培训班就成了人们的首选。那么，面对市场上琳琅满目的英语培训机构，大家应该如何选择呢?今天沪江的小编为大家整理了如果选择一个好的英语培训机构。 　1、符合自己的学习目标。 如果你想要提升的是英语口语方面的技能，那就寻找以英语口语培训为主攻业务的培训学校，千万不要选择那些英语口语只是兼带性课程的学校，不然，你是很难让你的英语口语有一个质的飞越的。 2、学习时间是否有所冲突。 学习时间是否能够充分利用，是否会与我们的正常的工作时间或是休息时间相左

Question： Claire Jones, CFA, is an analyst following natural gas companies in the United States. At an industry energy conference, the chief financial officer of Alpine Energy states that the company is interested in making strategic acquisitions. At a separate event, Alpine's head of exploration commented that he is bullish on natural gas production prospects within northeastern Pennsylvania. Jones is aware that Alpine currently has very little exposure to this region. She also knows another company in her universe, Pure Energy, Inc. is based in northeastern Pennsylvania and controls significant assets in the area. Pure Energy is highly leveraged, and Jones believes it will need to raise additional capital or partner with another firm to move to the production phase with their assets. Jones attempts to contact Alpine's chief executive officer with an unrelated question and is told he is unavailable because he is on a business trip to northeastern Pennsylvania. Jones updates her research on Pure Energy and then recommends the stock to Lisa Wong, CFA, a portfolio manager, who purchases significant positions in client accounts. The following week, Pure Energy announces it has entered into an agreement to be purchased by Alpine for a significant premium. Has either Jones or Wong most likely violated standards with regard to the integrity of capital markets? A. Yes, Jones' recommendation is based on insider information B. No C. Yes, both Jones and Wong have acted on insider information Answer = B Jones has used the mosaic theory to combine nonmaterial, nonpublic information with material public Information CFA Level I "Guidance for Standards I-VII," CFA Institute Standard II(A) Material Nonpublic Information     CFA特许金融分析师1-3级【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 CFA特许金融分析师1级【沪江&金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： 为了CFA二级10A，那些年我走过的弯路和捷径 CFA持证人普遍青睐的3个职位是什么？ CFA一般都是什么程度的人在考？  

这些期刊，对于考研英语阅读水平确有非常大的帮助。 　　(三) 参考资料 　　学习资料是学习向导，引导同学们的学习内容，所以选择正确的资料，就表示拥有了正确的学习方向，方向对了才代表能够实现好的学习效果。 　　(四) 有效利用辅导班 　　英语复习方面，不少同学都选择了报班。在上辅导班之前，大家可以最好是对词汇、语法这两项有一定的了解，至少翻过一些参考书，这样听课的效果相对好一些。 　　同时，辅导老师推荐大家采取参加辅导班结合自学的方式，这样才培训能使学习效率最大化。 　　一方面，参加辅导班可以克服自己的惰性，更有效地约束自己、督促自己尽快进入学习状态。多人一起学习，有良好的学习氛围，同学间可以相互

return-generating model based on such factors as earnings growth and cash flow generation is a  fundamental factor model.  CFA Level I  "Portfolio Risk and Return: Part II," Vijay Singal  Section 3.2.1      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 2016年6月CFA报名开始及具体报名流程（第一阶段截止至9月23日） CFA考试介绍及难度 工作后适合考CFA吗？在职如何备战CFA考试？

Question： The probability of Event A is 40%. The probability of Event B is 60%. The joint probability of AB is 40%. The probability (P) that A or B occurs, or both occur, is closest to: A. 60%. B. 40%. C. 84%. Answer = A P(A or B) = P(A) + P(B) – P(AB) = 0.40 + 0.60 – 0.40 = 0.60 or 60%. CFA Level

) of the  bonds before the maturity date. Thus, the price of a callable bond will typically be lower than the price  of an otherwise identical non-callable bond.  CFA Level I  "Fixed-Income Securities: Defining Elements," Moorad Choudhry and Stephen E. Wilcox  Section 5.1    CFA特许金融分析师1-3级【沪江金程联合开发

 Syndicated loans are primarily originated by banks, and the loans are extended to companies but   also to governments and government-related entities.  CFA Level 1  "Fixed-Income Markets: Issuance, Trading, and Funding," Moorad Choudhry, Steven V. Mann, and  Lavone F. Whitmer  Section 7    CFA特许金融分析师1-3

The most compelling reason for  them to do so is to take advantage of lower borrowing rates.  CFA Level 1  "Fixed-Income Markets: Issuance, Trading, and Funding," Moorad Choudhry, Steven V. Mann, and  Lavone F. Whitmer  Section 6.3.5    CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA一级权益复习策略 CFA考试难吗？适合哪些人考？ 通过CFA一级需要花费多长时间？

× 0.3 = 0.09.  CFA Level I  "Portfolio Risk and Return: Part I," Vijay Singal  Section 2.3.3    CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA考试难吗？适合哪些人考？ CFA考试介绍及难度