2025年CFA一级考试高频考点试卷（含答案）.docxVIP

2025年CFA一级考试高频考点试卷（含答案）

考试时间：______分钟总分：______分姓名：______

考试开始

Part1:MultipleChoiceQuestions

1.AccordingtotheCFAInstituteCodeandStandards,whichofthefollowingactionsbyananalystwouldmostlikelyconstituteaviolationoftheStandardofProfessionalConductregardingAdditionalCompensationArrangements?

a)Acceptingadinnerpaidforbyaninvestmentbankwithwhichtheanalysthasnothadanybusinessdealingsinthepastyear.

b)Receivingabonusfromthefirmwheretheanalystworksbasedontheperformanceofthefundsherecommended.

c)Beinggivenafreesubscriptiontoanindustrynewsletterbyavendorofinvestmentresearchservices.

d)Acceptingstockoptionsasabonusfromthecompanywhosestockisunderanalysis.

2.TheMarkowitzefficientfrontierrepresents:

a)Allpossiblecombinationsofassetsthatofferthehighestreturnforagivenlevelofrisk.

b)Thesetofportfoliosthatprovidethehighestexpectedreturnforagivenlevelofriskamongallfeasibleportfolios.

c)Allfeasibleportfoliosthatlieontheminimumvarianceboundary.

d)Theoptimalportfoliomixforanindividualinvestorbasedsolelyontheirutilityfunction.

3.Whichofthefollowingstatisticalmeasuresisusedtoquantifythedispersionofasetofdatapointsaroundtheirmean?

a)Variance

b)Standarddeviation

c)Covariance

d)Correlationcoefficient

4.Acompanyreportssalesrevenueof$500,000andcostofgoodssold(COGS)of$300,000.Itsgrossmarginis:

a)$200,000

b)40%

c)$800,000

d)60%

5.Theprimaryfunctionofa30-yearU.S.Treasurybondisto:

a)Provideasteadystreamofinterestpaymentsandrepaymentofprincipaltotheinvestor.

b)Serveasaprimarycollateralformortgage-backedsecurities.

c)Actasabenchmarkforfloating-ratenotes.

d)Offerthehighestpotentialyieldamongallgovernmentbonds.

6.Whichofthefollowingisakey