CFA LevelⅠ:至优投资组合；资产收益度量

来源: 正保会计网校编辑：大耳朵图图 2020/09/08 14:40:17　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！

1、 If Investor A has a lower risk aversion coefficient than Investor B, on the capital allocation line, will Investor B's optimal portfolio most likely have a higher expected return?

A. No, because Investor B has a higher risk tolerance

B. No, because Investor B has a lower risk tolerance

C. Yes

2、The return measure that best allows one to compare asset returns earned over different length time periods is the:

A. annualized return.

B. net portfolio return.

C. holding period return.

查看答案解析

【答案】

【解析】

Investor B has a higher risk aversion coefficient, thus a lower risk tolerance and a lower expected return on the capital allocation line.

查看答案解析

【答案】

【解析】

The annualized return is an average return measure that can be calculated using return data for a period that is shorter (or longer) than one year. In many cases, it is most convenient to annualize all available returns in order to compare returns when the time periods during which a return is earned or computed vary. It reflects the return that would be earned over a one-year period, assuming that money can be reinvested repeatedly while earning a similar return.

有时候，你必须一个人走，这不是孤独，而是选择。我们时时刻刻都在选择，你选择过什么样的生活就需要付出什么样的代价。既然选择了CFA，就要朝着它勇敢向前，每天进步一点点，基础扎实一点点，通过考试也就会更容易一点点。

上一篇："investment portfolio" exercise : standa...

下一篇：CFA LevelⅠ：套期账户；资本资产定价模型