2025年CFA一级考试真题及解析.docxVIP

2025年CFA一级考试真题及解析

考试时间：______分钟总分：______分姓名：______

第一部分

1.Aninvestorisconsideringaddingastocktotheirportfolio.Thestockisexpectedtoprovideadividendyieldof3%andacapitalgainsyieldof5%nextyear.Basedonthisinformation,whatisthetotalexpectedreturnonthestockfornextyear?

2.Whichofthefollowingmethodsismostcommonlyusedforvaluingacompanysequitywhenthecompanydoesnotpaydividends?

3.Aportfoliomanagerisconstructingaportfoliousingtwostocks.StockAhasanexpectedreturnof12%andastandarddeviationof18%.StockBhasa