掃碼下載APP
及時接收最新考試資訊及
備考信息
學習是一個不斷積累的過程,每天學習一點,每天進步一點!為了幫助大家更高效地備考2021年CFA考試,正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試,夢想成真!
Questions 1:
An example of risk transfer combined with self-insurance is most likely:
A、 a bond portfolio hedged with an interest rate option.
B 、an insurance policy with a deductible.
C、 a bank that establishes a loan loss reserve fund.
Questions 2:
A company’s $100 par value perpetual preferred stock has a dividend rate of 7% and a required rate of return of 11%. The company’s earnings are expected to grow at a constant rate of 3% per year. If the market price per share for the preferred stock is $75, the preferred stock is most appropriately described as being:
A、 overvalued by $11.36.
B、 undervalued by $15.13.
C、 undervalued by $36.36.
B is correct. Risk transfer is accomplished through an insurance policy. A deductible in an insurance policy means the insured is bearing some of the risk of loss and thereby (partially) self-insuring. Hedging with derivatives accomplishes risk shifting, not risk transfer. A bank loan loss reserve is a form of self-insurance combined with diversification, but it does not include risk transfer.
A is incorrect because hedging with derivatives accomplishes risk shifting, not risk transfer.
C is incorrect because a bank loan loss reserve is a form of self-insurance combined with diversification, but it does not include risk transfer.
A is correct.
The stock is overvalued by $100.00 – 63.64 = $36.36.
成功=時間+方法,自制力是這個等式的保障。世上無天才,高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績,其成績背后無比寂寞的勤奮。小編相信,每天都在勤奮練習,即使是一點點的進步,大家一定可以成為人人稱贊的“牛人”。
Copyright © 2000 - m.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 成人精品免费视频 | 日韩久久久久久 | 蜜桃一区二区三区 | 国产毛片在线看 | 午夜激情在线观看 | 91成人国产 | 国产成人综合av | 国产尤物av尤物在线观看臀 | 精品国产一二三区 | 成人精品久久 | 激情福利视频 | 国产传媒在线视频 | 免费欧美日韩 | 久久精品亚洲精品国产欧美 | 99久久精品视频免费 | 国产综合激情 | 日韩精品一区在线观看 | 国产精品一区在线观看你懂的 | 国产精品一区二区三区网站 | 国产一二三视频 | 嫩草影院ncyy网址 | 久久免费视频1 | 国产综合视频在线观看 | 亚洲在线一区二区 | 999精品在线| 久久久精品| 超碰97国产精品人人cao | 精品少妇一区二区三区视频免付费 | 欧美成人视屏 | 亚洲精品久久久久国产 | 蜜月久综合久久综合国产 | 欧美激情视频一区二区三区在线播放 | 日本亚洲精品一区二区三 | 最新免费av | 国产精品综合网 | 日韩精品极品在线观看 | 九九九九国产 | 久久精品欧美 | 91福利网站 | 欧美精品黑人猛交高潮 | 99热最新网址 |