CFA论坛,CFA考试,CFA培训_专业CFA论坛

搜索
查看: 8961|回复: 7
收起左侧

[Level 1] CFA Level 1 - 模考试题(1)(PM) Q101-105

[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 09:02:51 | 显示全部楼层 |阅读模式
Question 101
2 |" J* \) I# p& C% `2 B
5 Q0 v& k  y5 u2 K3 ^+ }: R+ s% sConsider the following two statements about putable bonds:
5 m8 r( i4 w5 B! C! h% sStatement #1: As yields rise, the price of putable bonds will fall less quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option.
$ _0 F( \! G& Q+ WStatement #2: As yields fall, the price of putable bonds will rise more quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option.
- \4 c6 ?5 g/ L& x; V& mAre these statements correct or incorrect?
) q* z. n% }1 A2 X7 B5 B       Statement 1      Statement 2
% C6 Y5 G( _7 A* ^, X" UA)    Correct                Incorrect9 X  d, y3 N; Z6 K/ H) Z, b
B)   Correct                Correct  d8 |. \" ?: T( J: x# O
C)   Incorrect          Incorrect
" P8 t; e4 k: m5 i0 C; vD)   Incorrect          Correct" S2 x! x3 t: O7 t  G4 [
( n- e0 R  c7 D, L" _
答案和详解如下:
' D6 _. W- o: e% I/ \1 l% e
游客,如果您要查看本帖隐藏内容请回复
8 s) b( y7 W3 l; }! O3 t
7 \3 `& |/ O4 b3 x' a6 u' v
Question 102
$ g; V2 O' A8 R* }/ s+ t1 p& v( L
Jane Walker has set a 7% yield as the goal for the bond portion of her portfolio. To achieve this goal, she has purchased a 7%, 15-year corporate bond at a discount price of 93.50. What amount of reinvestment income will she need to earn over this 15-year period to achieve a compound return of 7% on a semiannual basis?
0 F7 {8 Z( k/ ?# S1 ?A)    $624.! V0 E- h8 S7 ]! k5 g2 I
B)   $724.% [4 R' T4 ~4 r
C)   $459.
- t( ?5 w9 y( [7 e  h2 }8 z$ M# yD)   $574.
8 D. U" Y% X+ [' T/ M7 b, P+ j% o) I4 g/ n
答案和详解如下:& `* B; n- S: A4 S
游客,如果您要查看本帖隐藏内容请回复

% |' q- V$ [+ M5 Q# `0 x) Y
2 `: Z0 V) M0 AQuestion 103
9 j6 c, [; ^& |9 W& x1 P9 N7 D) ^, V! W
Pam Williams is evaluating whether she should purchase a particular bond. She is primarily concerned with the effective duration of the measure. The bond is a 15-year semiannual pay bond with a 9% coupon that is currently priced at $1,076.50 to yield 8.11%. If the yield changes by 25 basis points, the effective duration of this bond is closest to:3 {8 S- z2 T2 h$ S6 g
A)    12.25.
/ Y8 n6 \# `1 o: Z) n8 c% RB)   8.41.5 F$ }' y( G* u' G: H7 a7 p0 [+ m
C)   7.42.2 d' a9 v6 j* O# X# M
D)   9.53.# A/ |, ~& e) a% q1 T6 \5 ^
+ P9 C$ B: e7 K# ]
答案和详解如下:
8 G" n0 C" n/ M0 J/ `" p
游客,如果您要查看本帖隐藏内容请回复
$ Q' m" \( J. p: h
7 _! H5 M+ K' O" `3 x$ w
Question 104
' O4 j# Z! ^0 b$ [
0 o6 L. ?% z% d  Z$ p8 D( o7 d$ kThe term structure of interest rate theory that says long-term maturities have greater market risk than shorter maturities is called the:$ i* W5 F2 U. K0 q/ K' W3 f* e& a
A)    market segmentation theory.6 }+ Y9 v, X) G' [2 u) }
B)   preferred habitat theory.
+ y* Y1 k2 R5 y4 [  vC)   liquidity preference theory.
/ N" N, O' `& u9 G, rD)   pure expectations theory.
- k- Q4 q3 A. k. t& X# J, @
' U4 y+ `6 ?; `答案和详解如下:, w# X6 W' x, B$ y* B$ a
游客,如果您要查看本帖隐藏内容请回复

+ ?5 O! N2 r) r( k7 R- b/ I
- U, f/ W, E' J3 y/ p% l4 w$ s- jQuestion 1052 T/ p$ S; C9 Y
" D, g7 E: j% b' }7 `
An $850 bond has a modified duration of 8. If interest rates fall 50 basis points, the bond's price will:7 v0 B# {( R9 z
A)    increase by 22.5%./ C1 f% ]6 `' c4 t' }% x
B)   increase by $4.00.
" Q3 i/ x, ~% B# u; oC)   decrease by $22.50.
% l, z7 x! p1 ^. AD)   increase by $34.00.0 y( B3 B3 ~& B7 S: h
9 r, w- K% g, i( ^  U
答案和详解如下:$ j% x# `8 a- u5 p7 h, D+ x
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

17

帖子

51

积分

小学生

Rank: 3Rank: 3

积分
51
发表于 2015-7-23 22:12:48 | 显示全部楼层
谢谢分享!
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 10:32:09 | 显示全部楼层
谢谢分享!
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 2019-5-18 14:50:38 来自手机 | 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 17:31:13 | 显示全部楼层
99999999999999999999999999999999999999999
回复 支持 反对

使用道具 举报

     

0

主题

8

帖子

18

积分

幼儿园

Rank: 2

积分
18
发表于 2023-6-8 13:05:10 | 显示全部楼层
888888888888
回复 支持 反对

使用道具 举报

匿名  发表于 2023-7-2 20:00:02
woohaodelai
回复 支持 反对

使用道具

匿名  发表于 2023-7-2 20:00:29
wohai efidf a fe
回复 支持 反对

使用道具

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