2025年CFA金融从业资格模拟试卷.docxVIP

2025年CFA金融从业资格模拟试卷

考试时间：______分钟总分：______分姓名：______

试卷开始

1.Aninvestorrequiresaportfolioreturnof12%peryear.Iftherisk-freerateis3%andthemarketriskpremiumis5%,whatistheinvestorsrequiredrateofreturnaccordingtotheCapitalAssetPricingModel(CAPM)?

a)3%

b)5%

c)8%

d)12%

2.Whichofthefollowingstatementsregardingtheefficientmarkethypothesis(EMH)iscorrect?

a)Inanefficientmarket,securitypricesreflectallavailablepublicinformation.

b)Inanefficientmarket,investorscanconsistentlyachievereturnsabovethemarketaveragebyusingsuperiorinformation.

c)TheweakformoftheEMHimpliesthattechnicalanalysiscanconsistentlygenerateabnormalreturns.

d)Thesemi-strongformoftheEMHsuggeststhatfundamentalanalysiscanconsistentlyidentifymispricedsecurities.

3.Acompanyhascurrentassetsof$500,000andcurrentliabilitiesof$300,000.Whatisthecompanysworkingcapital?

a)$200,000

b)$300,000

c)$500,000

d)$800,000

4.Whichofthefollowingisconsideredacapitalbudgetingdecision?

a)Decidingwhethertopurchasenewinventoryfortheupcomingquarter.

b)Choosingbetweentwodifferentfinancingoptionsforanewproject.

c)Determiningtheoptimalcashbalancetohold.

d)Evaluatingtheprofitabilityofapotentialnewinvestmentproject.

5.Abondwithafacevalueof$1,000paysanannualcouponof6%.Ifthemarketinterestrateis5%,whatistheapproximatepriceofthebond?

a)$950

b)$980

c)$1,000

d)$1,050

6.Whichofthefollowingmethodsofdepreciationbestreflectstheactualusageofanasset?

a)Straight-linedepreciation

b)Decliningbalancedepreciation

c)Sum-of-the-years-digitsdepreciation

d)Unitsofproductiondepreciation

7.Acompanysinventoryturnoverratiois8timesperyear.Iftheaverageinventoryis$100,000,whatisthecompanyscostofgoodssold?