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2020年CFA考试《CFA三级》考试共240题,分为单选题。小编为您整理Fixed-Income Portfolio Management (2)5道练习题,附答案解析,供您备考练习。
1、【单选题】
A.Macro factors
B.Expected excess returns
C.
正确答案:B
答案解析:B is correct. Analyzing expected excess returns against the expected magnitude of the credit-related risks is
2、【单选题】
A.
B.
C.
正确答案:A
答案解析:A is correct. To profit from a decrease in yield curve curvature, the correct condor structure will be: short 1s, long 5s, long
3、【单选题】
A.5-year only.
B.10-year only.
C.Both the 5-year and 10-year.
正确答案:C
答案解析:This question illustrates why selecting the optimal trade can be difficult, even if the general strategy is obvious. The butterfly
4、Which of these statements is most accurate regarding Kapoor’s two-part approach to achieving excess returns from non-UK bonds?【单选题】
A.Part 1 is appropriate, but Part 2 is inappropriate.
B.Part 1 is inappropriate, but Part 2 is appropriate.
C.Both parts are appropriate.
正确答案:B
答案解析:Low correlations will reduce the overall risk of the portfolio but not produce higher expected returns. Currency selection can add value. Currency appreciation relative to the British pound, if achieved, will produce excess returns.
5、Which comment regarding CDOs and covered bonds is accurate?【单选题】
A.Easton’s comment
B.Avelyn’s first comment
C.Avelyn’s second comment
正确答案:A
答案解析:A is correct. CDOs typically include some form of subordination. With subordination, a CDO has more than
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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