CFA考试《CFA一级》历年真题精选及详细解析1006-54.pdfVIP

穷则独善其身，达则兼善天下。——《孟子》

CFA考试《CFA一级》历年真题精选及详细

解析1006-54

1、Ananalystdoesresearchaboutinvestmentreturn,Ifan

investmentearns0.9%permonth,thenumberofmonthsitwill

takefortheinvestmenttotripleinvalueisclosestto:【单选题】

A.13

B.77

C.123

正确答案:C

答案解析:，两边取Ln，计算出n=123。

2、Companiespursuingcostleadershipwillmostlikely:【单选

题】

A.investinproductivity-improvingcapitalequipment.

B.engageindefensivepricingwhenthecompetitive

environmentisoneofhighrivalry.

C.establishstrongmarketresearchteamstomatchcustomer

needswithproductdevelopment.

正确答案:A

答案解析:“IntroductiontoIndustryandCompanyAnalysis,”

1

穷则独善其身，达则兼善天下。——《孟子》

PatrickW.Dorsey,AnthonyM.Fiore,andIanRossaO’Reilly2012

ModularLevelI,Vol.5,pp.250–251StudySession

14-51-kDescribetheelementsthatshouldbecoveredina

thoroughcompanyanalysis.Aiscorrect.Companiespursuing

costleadershipmustbeabletoinvestinproductivity-improving

capitalequipmentinordertobelow-costproducersand

maintainefficientoperatingsystems.

3、Whenarecreditspreadsmostlikelytonarrow?During:【单

选题】

A.economicexpansions.

B.economiccontractions.

C.aperiodofflighttoquality.

正确答案:A

答案解析:“UnderstandingYieldSpreads,”FrankJ.Fabozzi,

CFA2013ModularLevelI,Vol.5,Reading55,Section4.3Study

Session15-55-fDescribecreditspreadsandrelationships

betweencreditspreadsand