CFA论坛,CFA考试,CFA培训_专业CFA论坛

搜索
查看: 7024|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
- Q  o/ z4 e) m8 `/ b# w8 T  F$ d* X" k% t  _/ w! J
Gourmet and Company has the following information:
6 k# k" o/ a( K6 VCurrent market value = $250 million
8 f/ W2 R2 x3 ^0 K" B2 ~, nCurrent book value = $225 million: x) r, V1 f7 n4 h6 t5 L/ z$ g# O
Sales = $750 million
7 U/ _- \! G6 {* wEarnings = $75 million
7 @( X4 l! z7 i1 F7 k3 n! d0 mCash flow = $125 million
! d  A, e6 j+ P) C7 a1 G9 DStock price = $7.50
0 _2 r* Y! X% \. @9 UWhich of the following statements regarding Gourmet and Company is most accurate?! K! K- q7 h6 O) Z% L5 T
A)    The price/book ratio is 0.90.
. x/ v5 S. h2 K- UB)   The price/cash flow ratio is 0.50.
4 A+ }4 I& S9 JC)   The price/sales ratio is 0.33.
7 [3 S, O- E% t! k2 xD)   The price to earnings (P/E) ratio is 33.3.* k# s7 b1 p, m" G; }* S- k

4 ^; i9 G2 g) k6 q' f) w" `答案和详解如下:' p4 X8 x" p& T( {" F2 j
游客,如果您要查看本帖隐藏内容请回复
& E. e0 n: a4 E6 f( n* k- l

# z# V( f+ ~  AQuestion 97
' Q- M4 l1 ]' m5 X2 ^An inverse floater is least accurately described as a floating-rate issue:& S, _6 H$ i! M1 c( H1 q
A)    whose coupon rate will increase as market rates decrease and decrease as market rates increase.
% K$ e7 S5 e4 ]# L9 eB)   that may, under certain circumstances, require the bondholder to make payments to the issuer.
2 r- M8 K0 b; E% CC)   whose coupon is determined by subtracting a reference rate from some stated maximum rate.1 N; C) S* U* m/ Z  `% Q
D)   that has an implicit cap on the maximum coupon rate and typically includes a floor on the minimum coupon rate.
$ }" d! y' s4 i1 k2 O) \% y* b: L" r# k" H% C3 s8 s
答案和详解如下:
( \+ d1 ?9 g6 M% E  e% n# B( `
游客,如果您要查看本帖隐藏内容请回复

3 p& ~0 p& ~* C" h( d  Y' e( |6 e, ^5 O
Question 982 F7 O' m/ V* U& d' b5 \

  x$ G  d# k" @; ^6 qWhich of the following statements about embedded call options is most accurate?
3 _' B: C4 U! [9 C- O( rA)    The call price acts as a floor on the value of a callable bond.
8 p) |8 K; D* \- @9 `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./ s& I, D5 E8 l* b: p: ^
C)   When yields rise, the value of a callable bond may not fall as much as a similar, straight bond.
& E8 c" `% V4 C0 OD)   The value of a callable bond will always be equal to or greater than an otherwise identical non-callable bond.
* y( W! }  q; j, F9 n! s6 [0 [6 c% n' r! v- k- p" ]+ {, W$ d
答案和详解如下:
" C0 T& Z7 m  u, A
游客,如果您要查看本帖隐藏内容请回复
. Q, G7 z" p. v5 }! n  J: K( N" ~% A6 M
! v! [9 p0 U9 y  M  _$ ?. o( c9 f, Q
Question 995 m# K; r0 j3 y+ B( ]
6 I0 H7 P* ]' L" _8 Z3 u
A 1-year, 7%, semiannual coupon bond has a price of $985. If the 6-month T-bill rate is 5%, the one-year annualized theoretical spot rate is closest to:+ h' E0 h8 T  Q) x( p6 J
A)    6.5%.
+ s, o' [1 j) gB)   7.4%.
; e$ C4 Y9 k; L6 TC)   8.6%.
4 f6 d" c# J/ H) J/ L& W7 r5 a: O, XD)   8.0%.& H6 l0 F; d: |/ r" n$ R

9 o/ ?1 Z1 q, t$ A& y! D; ]答案和详解如下:
* T. ~+ _- B/ P7 c  C5 I$ h# w
游客,如果您要查看本帖隐藏内容请回复
: T% q& E( U- {8 H. D- ]' S; r

3 b2 A# T1 o5 B9 k, FQuestion 100/ Q2 U' l- U9 g+ B0 }$ u' l
6 m; t' Q$ p4 v! u( A
All other things being equal, which of the following bonds has the greatest duration?
- I. A( S9 d  P  W7 ?* tA)    5-year, 8% coupon bond.
8 j' a( p, z& [. ~9 jB)   15-year, 12% coupon bond.5 V* X! r' M  q4 R) j9 A2 W
C)   5-year, 12% coupon bond.( r; z% o. ~% ]3 j6 R, s: `
D)   15-year, 8% coupon bond.
: U) ?  C" G, `3 x7 N0 ]( D
4 C: j4 L) I. P/ m答案和详解如下:
. X9 v# D& S! J- T3 {' k( r9 v4 J
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