2025年CFA一级市场分析与估值考试.docxVIP

2025年CFA一级市场分析与估值考试

考试时间：______分钟总分：______分姓名：______

一、选择题

1.Acompanyisexpectedtopayadividendof$2persharenextyear.Therequiredrateofreturnis10%.Ifthecompanysdividendsareexpectedtogrowataconstantrateof5%peryearindefinitely,whatistheintrinsicvalueofthestockusingtheGordonGrowthModel?

a)$20

b)$25

c)$30

d)$35

2.Whichofthefollowingisameasureofthesensitivityofabondspricetochangesininterestrates?

a)Yieldtomaturity

b)Currentyield

c)Duration

d)Convexity

3.Aninvestorisconcerned