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2020年CFA考试《CFA三级》考试共题,分为。小编为您整理Applications of Economic Analysis to Portfolio Management5道练习题,附答案解析,供您备考练习。
1、【单选题】
A.Scenario 1.
B.Scenario 2.
C.Scenario 3.
正确答案:A
答案解析:A is correct. It would be true that the Fed model predicts that US stocks are overvalued if the
2、Based on Exhibit 1 and the method used by Li's team, the expected return for the consumer credit industry in 2012 was closest to:【单选题】
A.12.8%.
B.12.2%.
C.12.4%.
正确答案:B
答案解析:The bond-yield-plus-risk-premium method sets the expected return to the yield to maturity on a long-term government bond plus the equity risk premium (12.2% = 3.8% + 8.4%).
3、Which of the following types of biases best describes Steve Phillips's statement about oil-related industry data?【单选题】
A.Time-period
B.Data-mining
C.Survivorship
正确答案:A
答案解析:Phillips believes the impact of hurricane activity will not necessarily continue in the future. A time-period bias occurs when particular relationships or sensitivities only occur during a particular period of time.
4、【单选题】
A.Labor input.
B.Capital stock.
C.Total factor productivity.
正确答案:C
答案解析:C is correct. The contributions from total factor productivity are 2.5 percent and 2.8 percent,
5、【单选题】
A.correct.
B.incorrect, because calculated correlations with other assets tend to be biased downward in absolute value.
C.incorrect, because the true variance of the asset is biased upward.
正确答案:B
答案解析:O'Reilly's explanation of appraisal data bias is incorrect because calculated correlations with other assets tend to be smaller in absolute value compared with the true correlations. O'Reilly is correct in that appraisal values tend to be less volatile than market-determined values for identical assets, and the true variance (and standard deviation) of the asset is biased downward.
What are the indices for a skewed distribution?:What are the indices for a skewed distribution?
What are the responsibilities of the members in reference to the CFA Institute?:Once accepted as a member:每年交述职报告和年费but must not over promise the competency and future investment results.Case
What members and candidates should notice in CFA examinations?:or security of the CFA examinations.(不能恶心CFA),考试不能作弊:考试内容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case
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