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2020年CFA考试《CFA二级》考试共题,分为。小编为您整理Equity Valuation (1)5道练习题,附答案解析,供您备考练习。
1、If Hilliard adopts Colbaugh's first recommendation regarding the use of additional analytical models, which of the following will she most likely incorporate into her analysis? An estimate of risk pertaining to:【单选题】
A.Liquidity.
B.Time horizon.
C.Business cycle.
正确答案:A
答案解析:
2、Based on Exhibit 3, and assuming interest on debt is tax-deductible, the weighted average cost of capital (WACC) for Bezak, Inc. is closest to:【单选题】
A.10.87%.
B.11.36%.
C.13.61%.
正确答案:B
答案解析:B is correct. The weighted average cost of capital is taking the sum product of each
3、The estimate of beta for Twin Industries is closest to:【单选题】
A.0.44.
B.0.85.
C.0.89.
正确答案:B
答案解析:B is correct. The steps to estimating a beta for a non-traded company are:
4、Which of Gasfs comments about the PEG ratio comparison is the most accurate?【单选题】
A.
B.
C.The comment about non-linearity.
正确答案:A
答案解析:A is correct. Gast is correct about the risk differences. PEG does not factor in differences in risk, an important determinant of P/E.
5、Based on Statement 2, which of the following sources of perceived mispricing do active investment managers attempt to identify? The difference between:【单选题】
A.intrinsic value and market price.
B.estimated intrinsic value and market price.
C.intrinsic value and estimated intrinsic value.
正确答案:A
答案解析:A is correct. The difference between the true (real) but unobservable intrinsic value and the observed market price contributes to the abnormal return or alpha which is the concern of active investment managers.
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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