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 buys a stock at $64 on margin with a leverage ratio of 2.5 and a maintenance margin of 30%.Below what price will a margin call most likely occur?
A 、$36.57
B、 $54.86
C 、$44.80
Questions 2:
Compared with public equity markets, which of the following statements is most accurate about private equity markets? Operating in the private market:
A 、offers stronger incentives to improve corporate governance.
B 、allows more opportunities to raise capital.
C 、allows management to better adopt a long-term focus.
【analysis】
C is incorrect. Simply takes 70% of the original purchase price by mistaking (1 – maintenance margin %) to be equal to the critical price for margin call = 64 × 0.7 = $44.80.
C is correct. The management of a public firm is under pressures to meet shorter-term demands, such as meeting quarterly sales and earnings projections from analysts. Private owners are thus better able to focus on longer-term value creation opportunities.
A is incorrect. By operating under public scrutiny, companies are incentivized to be more open in terms of corporate governance and executive compensation to ensure that they are acting for the benefit of shareholders.
B is incorrect because public equity markets are much larger than private ones.
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