<p>提纲式的。去Mercer面试前弄的，对大牛们不太有用，对想翻一翻快速知道个大概的人应该还好.</p><p></p><p>如：<br/>Chapter 1.The Time Value of Money<br/><br/>(1) Required rate of return on a security<br/>Required rate = nominal risk-free rate a+ all kinds of premiumsb<br/>a nominal risk-free rate= real risk-free rate + expected inflation rate<br/>b Default risk premium + Liquidity premium + maturity risk premium …<br/><br/>(2) PV of perpetuity=fixed payment/rate=PMT/(I/Y)<br/><br/>(3) FV and PV calculations~ 考試要點：<br/>a. 注意是Ordinary annuity or Annuity-due [BGN] modes<br/>b. 畫圖 time-line table<br/>Example: (Calculation of N)<br/>How many $100 end-of-year payment has to be made to accumulate $920 if the discount rate is 9%?<br/>Sol: I/Y=9; FV=920; PMT=-100; CPT N=6.99 7years</p><p>(4)Amortization<br/>...</p>