掃碼下載APP
及時接收最新考試資訊及
備考信息
學習是一個不斷積累的過程,每天學習一點,每天進步一點!為了幫助大家更高效地備考2021年CFA考試,正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試,夢想成真!
Questions 1:
A company just paid an annual dividend of €1.25 per share. If the required annual rate of return is 14% and dividends are expected to grow indefinitely at a constant rate of 8%, the company’s intrinsic value per share is:
A 、€16.88.
B、 €20.83.
C、 €22.50.
Questions 2:
The index weighting that results in portfolio weights shifting away from securities that have increased in relative value toward securities that have fallen in relative value whenever the portfolio is rebalanced is most accurately described as:
A、 float-adjusted market-capitalization weighting.
B、 fundamental weighting.
C、 equal weighting.
C is correct. The value of the shares can be estimated using the Gordon growth model as follows:
A is incorrect because €16.88 is derived using the growth rate in the denominator of the formula instead of the difference between the required rate of return and the growth rate: V0 = €1.35/0.08 = €16.88
B is incorrect because €20.83 results from incorrectly using D0 (instead of D1) as the next period dividend: V0 = €1.25/0.06 = €20.83
B is correct. Fundamentally weighted indexes generally will have a contrarian “effect” in that the portfolio weights will shift away from securities that have increased in relative value and toward securities that have fallen in relative value whenever the portfolio is rebalanced.
A is incorrect. In the float-adjusted market-capitalization weighting scheme, the constituent securities whose prices have risen the most (or fallen the most) have a greater (or lower) weight in the index.
C is incorrect. In an equal weighting scheme, securities that constitute the largest fraction of the target market value are underrepresented and securities that constitute a small fraction of the target market value are overrepresented. This weighting scheme does not consider fundamental measures in rebalancing.
成功=時間+方法,自制力是這個等式的保障。世上無天才,高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績,其成績背后無比寂寞的勤奮。小編相信,每天都在勤奮練習,即使是一點點的進步,大家一定可以成為人人稱贊的“牛人”。更多CFA考試資訊,點擊了解>
Copyright © 2000 - www.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 高潮白浆女日韩av免费看 | 黄a在线看 | 不卡在线一区 | 亚洲依依成人 | 欧美一区二区精品 | 在线观看的av | 欧美日韩福利视频 | 精品一级 | 在线视频一区二区三区 | 久久国产伊人 | 男女国产 | 日韩不卡一区 | 日本视频在线播放 | 日韩 国产 欧美 | 久久精品国产一区二区电影 | 玖玖精品在线 | 国产精品一区二区三 | 国产精品久久久久一区二区三区 | 亚洲三级免费 | 成人国产精品入麻豆 | 亚洲欧洲无码一区二区三区 | 一区二区三区国产精品 | 91麻豆精品国产 | 欧美久久一级 | 国产91精品一区二区 | 久亚洲| 免费看成人吃奶视频在线 | 成人在线播放 | 91看片神器 | 亚洲88| 国产精品自拍小视频 | 91亚洲精品在线 | 精品视频一区二区 | av片在线看 | 欧美视频福利 | 国产精品久久久一区二区三区 | 欧美激情视频一区二区三区不卡 | 日本国产精品视频 | 黄a一级 | 黄色片在线播放 | 久久久www成人免费无遮挡大片 |