"Alternative Investments":venture capital investments

下载正保会计网校APP 订阅最新报考消息

来源: 正保会计网校编辑：小鞠橘桔 2020/11/05 09:59:42　字体：大小

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:

The most likely impact of adding commodities to a portfolio of equities and bonds is to:

A 、increase risk.

B、 provide higher current income.

C 、reduce exposure to inflation.

Questions 2:

With regard to venture capital, which of the following statements is most likelytrue regarding venture capital?

A 、Investments typically are in later stage and more established companies.

B 、Investors tend to have short time horizons.

C 、Investors require a higher return than investors in publicly traded equity

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. Over the long term, commodity prices are closely related to inflation, so including commodities in a portfolio of equities and bonds will reduce its exposure to inflation.

A is incorrect because commodities have low correlations with traditional securities and therefore reduce overall risk.

B is incorrect because commodity investments tend to produce no current income.

【Answer to question 2】（选项）

【analysis】

C is correct. The historical standard deviations of annual return for venture capital are higher than that of common stocks. Investors should therefore require a higher return in exchange for accepting this higher risk, along with the illiquidity of venture capital investing.

A is incorrect because the venture capital strategy typically invests in start-up or early stage companies, not later stage companies.

B is incorrect because venture capital investments require long time horizons.

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>

上一篇："Alternative Investments":Convenience yi...

下一篇："Alternative Investments":Venture capita...