经典题 组合 94页 4.2

这道题出的不太好， 不是常规的考法，position limit 和stop-loss limit也根本用不到，题目也没说这是什么意思，我也没读明白这道题里的position limit 和stop-loss limit是什么意思。

 Klink responds by stating that the corporate banking division’s capital allocation is $2,800 million. This amount considers market risk, credit risk, and operational risk for which the minimum required return is 11%. Capital limits, position limits, and stop-loss limits are assigned to manage both overall exposure and exposure to single-name event risk.

其实这道题描述的意思是：

capital limit 衡量的是 overall exposure （market risk, credit risk, and operational risk）

注意题目的问题：With respect to capital allocation, which lending group listed in Exhibit 1 is least likely attractive?

其实已经明示我们用capital allocation 的return进行比较，是否满足了 minimum required return is 11%的要求。

根据这个题给出的信息其他办法也根本算不出来。

position limit代表能投资该类资产的头寸限制。

capital limit 是资本金限制，是为了应对该投资的损失预留的资本金限制，资本金不是投资，是在发生损失的时候，有多少自有资金能应对。