扫码下载APP
及时接收最新考试资讯及
备考信息
学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!
Questions 1:
A trader describes her currency contract exposure as “long the euro against the British pound.” Which of the following situations best fits her description? She has a:
A、 contract that allowed her to sell British pounds and acquire euros.
B、 forward contract to buy euros in exchange for British pounds at a predetermined exchange rate.
C 、forward contract to buy British pounds, using euros she currently holds.
Questions 2:
Participating preference shares are least likely to entitle the shareholders to participate in:
A 、additional distribution of the company’s assets upon liquidation.
B 、corporate decisions through voting rights.
C、 additional dividends if the company’s profits exceed a predetermined level.
B is correct. The trader has a long forward position in the euro, which means she has committed to purchase euros in exchange for British pounds sometime in the future at an exchange rate determined when the contract was initiated.
A is incorrect. This is a spot transaction, so there is no contract.
C is incorrect. Forward contracts do not require holding one of the currencies; in most cases, one party will be receiving a foreign currency in the future (a payment in a foreign currency for example), and one party wishes to convert that into the domestic currency at that time without worrying about the exchange rate at the time of payment.
B is correct. Participating preference shares do not entitle the shareholders to participate in corporate decisions through voting rights. But they do entitle them to (1) an additional dividend if the company’s profits exceed a prespecified level and (2) additional distribution of the company’s assets upon liquidation, above the par.
A is incorrect. Participating preference shares entitle the shareholders to participate in additional distribution of the company’s assets upon liquidation, above the par.
C is incorrect. Participating preference shares entitle the shareholders to participate in additional dividend if the company’s profits exceed a pre-specific level.
成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯,点击了解>
Copyright © 2000 - www.chinaacc.com All Rights Reserved. 北京正保会计科技有限公司 版权所有
京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号