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1、金融市场形成性考核2（Formativeassessmentoffinancialmarket2）Thecapitalizationofincomemeansthattheintrinsicvalueofanyassetdependsonthepresentvalueofthefuturecashflowincomethattheassetmaybring.Sincefuturecashflowsdependoninvestors'forecasts,theirvalueistakenasaformoffuturevalue,sothefut
2、urecashflowneedstobeadjustedtotheirpresentvaluebyusingdiscountrates.Thebalanceofbondissuanceunderwritingalsocalledhelpsales,isdefinedbytheunderwritershavebeeninaccordancewiththeconditionsofissueandtheamountofpromotionwithintheprescribedtimetothepublic,tothesalesdeadline,ifn
3、otsoldbondsbytheunderwriterunderwritertosubscribe,accordingtotheagreedtopayallthetimethebondpaymenttothepublisher.Investmentfundisanewformofcapitalmarket,itisessentiallyastock,bondsandothersecuritiesinvestmentinstitutions,notonlyconducivetoovercometheshortcomingsofindividua
4、linvestmentdiversification,andbecomethebestchoiceforindividualinvestorstodiversifyinvestmentrisks,whichgreatlypromotedthedevelopmentofthecapitalmarket.Hedgingasahedge,itreferstotheexpectedlong-termtransactionofforeignexchangeincomeorexpenditure,assetsorliabilitiesofforeignc
5、urrencyhedging,forwardisalsosoldthesameamountinaforeigncurrencyisequaltotheexpectedincomeofforeignexchangeorforeigncurrencyassets,foreigncurrencyorthesamebuyinginthepreperiodorforeignexchangeexpenditureswhenaforeigncurrencydebtisequaltotheamountofthelong-term,soastoachievet
6、heobjectivevalue.Aswapisaforeignexchangetransactionthatbuysorsellsatthesametimethesameamountbutdifferentmaturities.Inswaps,theamountofbuyingandsellingremainsthesame,thatis,swapschangenottheamountofforeignexchangeheldbythetrader,buttheperiodinwhichthetraderholdsthemoney.Ccdb
7、bdbbcbACDE,ABCD,ABC,ACE,ABCDE,ABCD,ABDE,BCD,ABCDE,BCDEYes,right,wrong,right,wrong,wrong,wrong,wrong,wrongWhatarethedifferencesbetweenopen-endfundsandclosed-endfunds?1.,thevariabilityoffundsizeisdifferentAclosed-endfundhasadefinitedurationofexistence(ourcountryshallbenolesst
8、han5years),andthefundsissuedinthisperiodcannotberedeemed.Althoughsuchfundsmaybeexp
