2015年CFA考试进阶题举例

【#文档大全网# 导语】以下是®文档大全网的小编为您整理的《2015年CFA考试进阶题举例》，欢迎阅读！

全球最大的CFA(特许金融分析师)培训中心

2015年CFA考试进阶题举例

Reading 5, 6, 7

1. Fifty years ago, an investor bought a share of stock for $10. The stock has paid no dividends during this period,

yet it has returned 20%, compounded annually, over the past 50 years. If this is true, the share price is now closest

to:

A) $4,550.

B) $45,502.

C) $91,004.

2. Given an 8.5% discount rate, an asset that generates cash flows of $10 in Year 1, -$20 in Year 2, $10 in Year 3,

and is then sold for $150 at the end of Year 4, has a present value of:

A) $108.29.

B) $135.58.

C) $163.42.

3. Given an 11 % rate of return, the amount that must be put into an investment account at the end of each of the

next ten years in order to accumulate $60,000 to pay for a child's education is closest to:

A) $2,500.

B) $3,588.

C) $4,432.

4. A share of George Co. preferred stock is selling for $65. It pays a dividend of $4.50 per year and has a perpetual

总部地址：上海市虹口区花园路171号A3幢高顿教育

电话：400-600-8011网址：finance.gaodun.cn微信公众号：gaoduncfa

1


全球最大的CFA(特许金融分析师)培训中心



life. The rate of return it is offering its investors is closest to: A) 4.5%. B) 6.9%. C) 14.4%.

5. Which of the following statements least accurately describes the IRR and NPV methods? A) A project's IRR can be positive even if the NPV is negative.

B) A project with an IRR equal to the cost of capital will have an NPV of zero. C) A project's NPV may be positive even if the IRR is less than the cost of capital.

各位考生，2015年CFA备考已经开始，为了方便各位考生能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，网校开通了全免费的高顿题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习，通过针对性地训练与模考，对学习过程进行全面总结。

总部地址：上海市虹口区花园路171号A3幢高顿教育

电话：400-600-8011网址：finance.gaodun.cn微信公众号：gaoduncfa

2

本文来源：https://www.wddqxz.cn/34f4aea243323968011c9290.html