2025年2021年cfa考试选择题及答案.docVIP

2025年2021年cfa考试选择题及答案

一、单项选择题，(总共10题，每题2分)。

1.Whichofthefollowingisconsideredaprimarymarketactivity?

A.TradingofstocksontheNewYorkStockExchange

B.Issuanceofnewsecuritiesbyacorporation

C.Buyingandsellingofsecuritiesbetweeninvestors

D.Repurchaseofcompanystockbythecompany

答案：B

2.Theprocessofevaluatingandselectinginvestmentsbasedontheirriskandreturncharacteristicsisknownas:

A.Assetallocation

B.Portfoliodiversification

C.Securityanalysis

D.Markettiming

答案：C

3.Whichofthefollowingisameasureofthevolatilityofaninvestmentsreturns?

A.Beta

B.Standarddeviation

C.Alpha

D.Sharperatio

答案：B

4.InthecontextoftheCapitalAssetPricingModel(CAPM),whichofthefollowingrepresentsthemarketriskpremium?

A.Therisk-freerate

B.Thebetaofthemarketportfolio

C.Theexpectedreturnofthemarketportfoliominustherisk-freerate

D.Thestandarddeviationofthemarketportfolio

答案：C

5.Whichofthefollowingisakeyprincipleofefficientmarkethypothesis?

A.Marketpricesreflectallavailableinformation

B.Marketpricesareinfluencedbyinvestorsentiment

C.Marketpricesarealwaysovervalued

D.Marketpricesarealwaysundervalued

答案：A

6.Whichofthefollowingisatypeofderivativesecurity?

A.Commonstock

B.Bond

C.Option

D.Mutualfund

答案：C

7.Thetimevalueofmoneyconceptisprimarilybasedontheideathat:

A.Moneytodayisworthmorethanthesameamountinthefuture

B.Moneytodayisworthlessthanthesameamountinthefuture

C.Thevalueofmoneydoesnotchangeovertime

D.Moneyisonlyvaluablewheninvested

答案：A

8.Whichofthefollowingisacomponentoftheweightedaveragecostofcapital(WACC)?

A.Costofequity

B.Costofdebt

C.Costofpreferredstock

D.Alloftheabove

答案：D

9.Whichofthefollowingisacharacteristicofabond?

A.Fixedinterestpayments

B.Maturitydate

C.Principalrepayment

D.Alloftheabove

答案：D

10.Whichofthefollowingis