2025年CFA考试模拟题库精选.docxVIP

2025年CFA考试模拟题库精选

考试时间：______分钟总分：______分姓名：______

试卷内容

1.Aninvestmentmanagerisconsideringaddinganewstocktoitsportfolio.Thestockhasanexpectedreturnof12%andastandarddeviationof20%.Theportfoliocurrentlyconsistsof10stockswithanexpectedreturnof10%andastandarddeviationof15%.Ifthenewstockisperfectlypositivelycorrelatedwiththeexistingportfolio,whatwillbetheexpectedreturnandstandarddeviationoftheportfolioafteraddingthestock,assumingthestockhasthesameweightaseachoftheexistingstocksinthenewportfoliocomposition?

2.AcompanyreportsthefollowingfinancialdatafortheyearendedDecember31,2024:

*SalesRevenue:$500,000

*CostofGoodsSold:$300,000

*GrossProfit:$200,000

*OperatingExpenses:$100,000

*InterestExpense:$20,000

*IncomeTaxExpense:$30,000

*PreferredDividends:$10,000

Calculatethecompanysearningspershare(EPS)ifthenumberofcommonsharesoutstandingis100,000.

3.Whichofthefollowingstatementsregardingtheefficientmarkethypothesis(EMH)ismostaccurate?

A.Themarketalwayspricesassetsefficiently,anditisimpossibletoachievereturnsabovethemarketaverage.

B.Marketefficiencyvariesacrossdifferentassetclasses,withsomemarketsbeingmoreefficientthanothers.

C.Inanefficientmarket,allavailableinformationisfullyreflectedinassetprices,makingitimpossibletoidentifymispricedsecurities.

D.Themarketisonlyefficientinthelongrun,andshort-terminefficienciesprovideopportunitiesforsuperiorreturns.

4.Abondwithafacevalueof$1,000paysanannualcouponof5%andhasamaturityof10years.Ifthemarketinterestrateforsimilarbondsis6%,whatistheapproximatemarketpriceofthebond?

5.Aninvestorisconsideringbuyingacalloptiononastockwithastrikepriceof$50.Theoptionpremiumis$2.Thestockiscurrently