CFA论坛,CFA考试,CFA培训_专业CFA论坛

搜索
查看: 7012|回复: 4
收起左侧

[Level 1] CFA Level 1 - 模考试题(1)(PM) Q96-100

[复制链接]

25

主题

74

帖子

1166

积分

普通用户

Rank: 5Rank: 5

积分
1166
发表于 2015-7-21 08:59:22 | 显示全部楼层 |阅读模式
Question 96
9 M2 U. w# E% h! f9 K( p$ O8 I) q0 a5 m1 i4 V9 L, g
Gourmet and Company has the following information:+ a$ n9 f: D( i9 D6 L
Current market value = $250 million
6 W8 r! {* @8 {" y4 R, TCurrent book value = $225 million
: d2 s/ }# L# _9 i+ f+ j0 m  SSales = $750 million
0 e2 z0 o. P9 {% n8 \% REarnings = $75 million0 A6 A; T7 x" s4 k" T; T
Cash flow = $125 million
6 t- [3 n( P4 E! T" G/ u5 [Stock price = $7.50) Q+ R! K4 m+ D# L
Which of the following statements regarding Gourmet and Company is most accurate?5 N" ]5 {/ T* S5 j4 z: Z9 J
A)    The price/book ratio is 0.90.
1 O; x$ s. `* W3 M3 ^; A5 eB)   The price/cash flow ratio is 0.50.
: R- t) {1 L5 ?8 C2 eC)   The price/sales ratio is 0.33.
7 q2 h% L0 |  \4 S* xD)   The price to earnings (P/E) ratio is 33.3.
! f  a' ], \- [" l6 l6 M( T8 d1 b9 l8 I# y3 Q: Z  ]5 V( H% g
答案和详解如下:
  a! o4 ^5 K, j% o; U
游客,如果您要查看本帖隐藏内容请回复

1 [- T8 X" i6 {5 N2 w( s2 L; Q0 n$ G9 x
Question 97
, H! \& e( K+ |- _& |- w( aAn inverse floater is least accurately described as a floating-rate issue:
' ?7 B" R6 g# q$ l. Q6 X+ Z( `6 [A)    whose coupon rate will increase as market rates decrease and decrease as market rates increase.
3 D5 n9 e9 t) E4 EB)   that may, under certain circumstances, require the bondholder to make payments to the issuer.
5 H( f3 z' K9 B# x7 {0 E8 bC)   whose coupon is determined by subtracting a reference rate from some stated maximum rate.4 A. X! _( J5 U: y2 k( P( P- t
D)   that has an implicit cap on the maximum coupon rate and typically includes a floor on the minimum coupon rate.
0 X5 A0 N, A! ]! u2 N" P3 x- A
2 {/ f% T' e) [3 W  c3 Z答案和详解如下:) w3 T/ @' A; l7 w- X/ ?1 z5 \1 n
游客,如果您要查看本帖隐藏内容请回复

) }2 u7 i" s; A8 H. @2 `" w
  r; }; P2 N, SQuestion 984 s1 Z) ^: U8 G: `. G$ ~4 B

$ ~) D& h4 H2 e) E. _' j2 wWhich of the following statements about embedded call options is most accurate?6 E& b7 ]1 d3 _9 Q  ?1 |
A)    The call price acts as a floor on the value of a callable bond.
3 W% }6 Y- e1 R, s/ K" i5 p( P2 J8 \B)   The value of a callable bond is equal to the value of the straight bond component plus the value of the embedded call option.
# b' A3 g+ n2 m/ ~8 ?C)   When yields rise, the value of a callable bond may not fall as much as a similar, straight bond.
2 u/ H+ i4 a4 e: Z# n) f$ LD)   The value of a callable bond will always be equal to or greater than an otherwise identical non-callable bond.
0 }: ~5 s' }! Y# o- J9 u* f; A; K* o% T7 N$ J
答案和详解如下:! R$ n) k. ~, \- C+ r. N
游客,如果您要查看本帖隐藏内容请回复

0 |) V. q0 D) G$ c
. v/ Q1 \+ ?* G% yQuestion 992 i# E! D( f* a+ i1 m- t

/ g, I3 h' }' b- y: D+ d/ x5 JA 1-year, 7%, semiannual coupon bond has a price of $985. If the 6-month T-bill rate is 5%, the one-year annualized theoretical spot rate is closest to:* b0 v& a) V; j4 i! t6 ~
A)    6.5%.
; x8 X9 x" p0 @' P% A9 F5 rB)   7.4%.  H; l; Z& R  S* i$ N
C)   8.6%.
  O' ?3 C7 m. @, _' h) ?" t% @% tD)   8.0%.8 e1 C% Y& v% u* C

2 x" i3 _5 i' U. b, G* @$ u8 O- K/ B答案和详解如下:
; G8 R( h+ b# G: G% G6 a) I* ~
游客,如果您要查看本帖隐藏内容请回复

/ l9 \; R' }3 M  D" Z8 [+ ^/ w/ s
Question 1008 K3 i3 `% q; K$ E7 Z8 A5 M$ }7 v

  w! p  d0 S& j9 R& A6 e3 N, FAll other things being equal, which of the following bonds has the greatest duration?
, h$ a3 q4 x8 |3 O# W- vA)    5-year, 8% coupon bond.! v4 S7 }% w0 n- ]3 s# a9 O
B)   15-year, 12% coupon bond.
% J, e: b& F) h) R; U: @C)   5-year, 12% coupon bond.
: v0 x/ [9 q; j5 h4 h9 A5 e" B: eD)   15-year, 8% coupon bond.: U. P( }" S4 M) g
; n& G: b' x+ E( ^
答案和详解如下:. x( ]& H* ^# P  p. a" l7 G3 s
游客,如果您要查看本帖隐藏内容请回复
CFA,你好!
回复

使用道具 举报

0

主题

14

帖子

40

积分

幼儿园

Rank: 2

积分
40
发表于 2015-7-26 20:31:16 | 显示全部楼层
好东西一定要看看!
回复 支持 反对

使用道具 举报

0

主题

46

帖子

112

积分

初中生

Rank: 4

积分
112
发表于 2019-5-14 11:05:04 | 显示全部楼层
谢谢谢谢
回复 支持 反对

使用道具 举报

0

主题

102

帖子

291

积分

初中生

Rank: 4

积分
291
发表于 2019-5-20 09:25:40 | 显示全部楼层
。。。。。。。。。。
回复 支持 反对

使用道具 举报

0

主题

93

帖子

195

积分

初中生

Rank: 4

积分
195
发表于 2020-12-4 14:38:08 | 显示全部楼层
66666666666666666666666666666666666666666666666666666666666666
回复 支持 反对

使用道具 举报

您需要登录后才可以回帖 登录 | 注册

本版积分规则

快速回复 返回顶部 返回列表