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CFA一级
包含CFA一级传统在线课程、通关课程及试题相关提问答疑;
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A client who is a director of a publicly listed corporation is required by law to refrain from trading that company's stock at certain points of the year when disclosure of financial results are pending. In preparing a written investment policy statement (IPS) for this client, how does the manager deal with this restriction on trading? A It is irrelevant to the IPS. B It should be included in the IPS. C It is illegal for the portfolio manager to work with this client. 他是高管他这要求不违法吗?
查看试题 已回答A client who is a director of a publicly listed corporation is required by law to refrain from trading that company's stock at certain points of the year when disclosure of financial results are pending. In preparing a written investment policy statement (IPS) for this client, how does the manager deal with this restriction on trading? A It is irrelevant to the IPS. B It should be included in the IPS. C It is illegal for the portfolio manager to work with this client. 他是高管他这要求不违法吗?
查看试题 已回答Exchange-traded derivatives are: A largely unregulated. B traded through an informal network. C guaranteed by a clearinghouse against default. clearinghouse会提供担保吗?
查看试题 已回答Which of the following yield curves least likely involves observed yields in the market? A Forward yield curve. B Par bond yield curve. C Coupon bond yield curve. 这几个curve怎么理解?
查看试题 已回答An investor enters into a 1 x 3 forward rate agreement with a $1 million notional amount at a LIBOR rate of 2.0%. At expiration, the 60-day LIBOR rate is 2.2% and the 90-day LIBOR rate is 2.1%.What payment will the investor most likely receive? A $333.33 B $332.10 C $332.39 什么公式呢?
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- 对于老师讲的这部分,1. 我理解FRA的Payoff始终等于利率期货的Payoff部分进行折现(除以1个大于1的数),也就是说,FRA的Payoff的变动幅度 应该 始终小于利率期货的变动幅度。2. 至于是涨多跌少,还是涨少跌多,其实MRR在分母上,可以根据1/x的曲线特点来理解,无非就是MRR上升时1/(1+MRR)的变动幅度 小于 MRR下降时1/(1+MRR)的变动幅度,所以如果MRR上升时,Payoff是上升的,那么就是涨少跌多,如果MRR上升时,Payoff是下降的,那就是涨多跌少。以上2点,我理解的对吗?
- 不懂这里为什么新固定利息与老固定利息的差值折现到1时刻就是1时刻的value,为什么只考虑下半边支出的部分,不考虑付息收到的部分
- 如果IC和CAL线的切点在后半段呢,就是比和有效前沿的切点更高呢,不是后面无风险资产权重为0吗,为什么说一定有无风险资产呢
- 为什么不是C选项呢?credit risk是由于借款人违约未能偿还而使债权人遭受损失的风险;solvency risk是由于自己财务状况不佳而无法偿还到期债务的风险。二者紧密相连
- 那么股票的公允价值是不是交易价格? 既不和市场价值一样,也不和账面价值一样?
- 场内和场外OTC市场 与 公募和私募 是一样的吗? 那么一级市场和二级市场是不是都有场内和场外一说?
- 问下, Cryptocurrencies加密货币 与 Tokens代币 都是数字资产,那么区别本质是什么
- 为什么B选项要考虑借股还股?而A选项没有考虑借钱买然后还钱?可以都不考虑吗?还是借股还股一定要在这个流程中体现?