"Equity Investments":Security market

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來(lái)源: 正保會(huì)計(jì)網(wǎng)校編輯：大耳朵圖圖 2020/09/15 10:55:40　字體：大小

學(xué)習(xí)是一個(gè)不斷積累的過(guò)程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

Security market indices can be used to calculate alphas, which are best described as:

A. the systematic risk of a security, using the index as a proxy for the entire market.

B. the difference between the return of the actively managed portfolio and the return of the passive portfolio.

C. a measure of market sentiment.

Questions 2:

A. strong.

B. weak.

C. semi-strong.

View answer resolution

【Answer to question 1】（B）

【analysis】

Security market indices serve as market proxies when measuring risk-adjusted performance. Alpha, the difference between the return of the actively managed portfolio and the return of the passive portfolio, is a measure of risk-adjusted return.

【Answer to question 2】（B）

【analysis】

The forms of market efficiency are as follows:

微信截圖_20200915105405

If a test rejects the hypothesis that market prices reflect private information but does not reject the hypothesis that they reflect past market data and public information, then there is evidence that the form of market efficiency is semi-strong (because only past market data and public information are reflected in market prices).

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無(wú)天才，高手都是來(lái)自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績(jī)，其成績(jī)背后無(wú)比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱(chēng)贊的“牛人”。

上一篇："Equity Investments":the margin call

下一篇："Equity Investments":unsponsored deposit...