2020年CFA考试《CFA二级》考试共题，分为。小编每天为您准备了5道每日一练题目（附答案解析），一步一步陪你备考，每一次练习的成功，都会淋漓尽致的反映在分数上。一起加油前行。

1、The weighted average cost of capital for Embelesado is closest to:【单选题】

A.10.78%.

B.11.20%.

C.11.85%.

正确答案:B

答案解析:B is correct. The weighted average cost of capital for Embelesado is calculated as:

2、Based upon Exhibit 1, the factor that would most likely have the greatest positive impact on the per capita GDP growth of Country A is:【单选题】

A.technology.

B.saving and investment.

正确答案:A

答案解析:B is correct. Country A is a developed country with a high level of capital per worker. Technological progress and/or more intensive use of existing technology can help developed countries increase productivity and thereby increase per capita GDP. Most developed countries have reasonably low trade barriers; thus, somewhat freer trade is likely to have only an incremental, and probably transitory, impact on per capita GDP growth. Also, since the country already has a high capital-to-labor ratio, increased saving/investment is unlikely to increase the growth rate substantially unless it embodies improved technology.

3、Based on Exhibit 1 and other information provided by Yusuf, the expected return on the portfolio is closest to:【单选题】

A.8.90%.

B.11.28%.

C.12.58%.

正确答案:C

答案解析:C is correct.

4、Excluding the investments in associates would result in the interest coverage ratio for Colorful Concepts being:【单选题】

A.lower.

B.higher.

C.the same.

正确答案:C

答案解析:C is correct. The calculation for interest coverage is EBIT/interest expense, neither of which 

5、Calculate the market conversion premium per share for MediSoft's convertible bonds.【单选题】

A.$2.61.

B.$2.95.

C.$5.56.

正确答案:A

答案解析:First, calculate the conversion ratio: