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2022年CFA考试《CFA三级》共240道单选题。帮考网为大家每天准备了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,都会清晰的反映在分数上。一起加油前行!
1、Using the multifactormodel preferred by RiteVal and Exhibit 2, the standard deviation of U.S. real estate is closest to:【单选题】
A.23.1%.
B.21.0%.
C.24.5%.
正确答案:A
答案解析:F
2、Based on how the Taylorrule is applied by Li//////\\'s team, the central bank//////\\'s estimated optimal short-term rate is closest to:【单选题】
A.2.8%.
B.1.5%.
C.2.0%.
正确答案:C
答案解析:The Taylorrule sets the optimal short-term rate as
3、Regarding Exhibit 1, which item is least likely an errorin the presentation?【单选题】
A.Note 3
B.Composite percentage of firm assets
C.Three-year standard deviation
正确答案:B
答案解析:The annualized three-year ex post standard deviation of monthly returns must be presented forboth the composite and the benchmark foreach annual period after 1 January 2011. Firms are required to disclose that policies forvaluing portfolios, calculating returns, and preparing compliant presentations are available upon request.
4、With respect to Client A, Allison//////\\'s most appropriate conclusion is the futures transaction used to adjust the beta of the portfolio was:【单选题】
A.ineffective because the effective beta on the portfolio was 1.27.
B.effective.
C.ineffective because the effective beta on the portfolio was 1.64.
正确答案:A
答案解析:The effective beta is the (hedged) return on the portfolio divided by the return on the market. The return on the market is –3.5%. The return on the portfolio is –5.1% plus the return on the futures position. The return on the (short) futures position relative to the unhedged portfolio is –25 × (119,347 – 124,450)/20,000,000 = +0.0064. Effective beta = (–0.051 + 0.0064)/–0.035 = 1.27.
5、Forwhich portfolio in Exhibit 1 is a sampling approach most likely to be used in an attempt to match the primary index risk factors?【单选题】
A.Treasury STRIPs
B.Emerging market bond fund
C.Mortgage-backed securities fund
正确答案:C
答案解析:The mortgage-backed securities fund strategy uses enhanced indexing. This management style uses a sampling approach in an attempt to match the primary index risk factors and achieve a higher return than under full replication.
日积月累,相信CFA考试在各位考试的用心备考下很快就会掌控自如,但是千万别欺骗自己,结果都会以你最终的分数展现出来,加油!
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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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