老师您好！我有四个问题想请问您： 一、请问利率的波动性而言，长期和短期谁大？价格的波动性而言长期和短期谁大?何谓 historical yield?? 二、Ex11-6 2000Q96 Most of the movements in yields can be explained by a single-factor model, or parallel moves. Once this effect is taken into account, short-term yields move more than long-term yields.不懂为何短期利率的变动为大於长期的?? 三、请问在中译本中第392页的范例第二段的实质殖利率1.98%如何计算？而第三段的名目 利率4%又如何计算?? 四、ex11-7 1997-Q42 What is the relationship between yield on the current inflation-proof bond issued by the U.S Treasury and a standard Treasury bond with similar terms? 针对你的四个问题，我以十二之一至十二之四等四篇来答覆你。 -- CFA证照考试心得分享:http://www.wretch.cc/blog/vactorlee --

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