2020年CFA考试《CFA三级》考试共题，分为。小编为您整理Equity Portfolio Management (1)5道练习题，附答案解析，供您备考练习。

1、Which of the following notes about the DoGood Fund is correct?【单选题】

A.Only Note 2

B.Only Note 3

C.Both Note 2 and Note 3

正确答案:B

答案解析:B is correct because the fund becomes a free-rider if it allows other shareholders to engage in 

2、Based on the information presented in Exhibit 1, Sarkar should recommend to the Daniels Corporation Pension Fund that the most appropriate manager to meet its investment objective is:【单选题】

A.Manager B.

B.Manager A.

C.Manager C.

正确答案:B

答案解析:Manager A has a low P/E, high dividend yield, and a style fit of 87%, which suggests that he is following an active value strategy.

3、【单选题】

A.a concentration level of 4.29.

B.an effective number of stocks of approximately 35.

C.individual stocks held in approximately equal weights.

正确答案:B

答案解析:B is correct. The HHI measures stock concentration risk in a portfolio, calculated as the sum of the 

4、Do the Magnolia Foundation's current equity investments most likely meet its total equity investment return and risk goals?【单选题】

A.Yes

B.No, the expected alpha is too low

C.No, the expected tracking error is too high

正确答案:A

答案解析:The expected alpha of the portfolio is

5、The Barboa Fund can be best described as a fund segmented by:【单选题】

A.size/style.

B.geography.

C.economic activity.

正确答案:C

答案解析:C is correct. The Barboa Fund invests solely in the equity of companies in the oil production and