2025年CFA一级市场分析专项卷.docxVIP

2025年CFA一级市场分析专项卷

考试时间：______分钟总分：______分姓名：______

1.Acompanyhasabetaof1.2.Therisk-freerateis3%,andthemarketriskpremiumis5%.AccordingtotheCapitalAssetPricingModel(CAPM),whatistheexpectedreturnonthecompanysstock?

(A)3%

(B)5%

(C)9%

(D)9.6%

2.ThemeanannualreturnforStockAis12%,andthestandarddeviationis18%.ThemeanannualreturnforStockBis10%,andthestandarddeviationis14%.IfthecorrelationcoefficientbetweenthereturnsofStockAandStockBis0.3,whatisthevarianceofaportfolioinvested60%inStock