course6(financeandinvestments)studynote

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1、Course6(FinanceandInvestments)StudyNoteTheexaminationforthiscourseconsistsoffivehoursofmultiple-choiceande,15minutesinthemorningsessionand10minutesintheafternoonsession.Thiscourseextendsthecandidate’sknoentsandassetmanagement.Candidatespletingthiscourseeexpertiseintheareasofcapitalmarke

2、ts,investmentvehicles,applicationsofderivatives,principlesofportfoliomanagementandasset-liabilitymanagement.A“CourseOverviethefolloents.Explaintheriskstoaybeexposed.Evaluatetherelationshipbetentmarkets.Explainthegeneraldesignfeaturesandriskcharacteristicsoffixedineandequityinvestments.E

3、valuatetheriskandreturncharacteristicsofgovernmentandcorporatedebtsecurities.Evaluatetheriskandreturncharacteristicsofrealestatesecurities.EvaluatetheriskandreturncharacteristicsofGuaranteedInvestmentContracts(GICs).Identifyhoarketsoperateandexplainthefundamentalprinciplesofmodernportfo

4、liotheory.Explainhoaninvestor’sperspective.Explainthetermstructureofinterestratesincludingtheyieldcurveandpricingoffixedinesecuritiesandspotandforodel(CAPM)anditsapplicationtoportfoliomanagement.DiscussthepropertiesoftheMarkoodel.Evaluatethethreeversionsoftheefficientmarkethypothesisand

5、explaintheirapplicationtoportfoliomanagement.Discusstheimpactofinvestmentdiversificationuponportfoliomanagement.Explainarbitragepricingtheoryanditsapplicationtoportfoliomanagement.Discusstheimpactofbehavioralfinanceonassetpricesandfinancialmarkets.Determinehoarkets.Evaluatethefeaturesan

6、drisk/returncharacteristicsoffinancialderivativesincludingputandcalloptions,sodels.Applybinomialoptionpricingtechniques.Determinehoodel.