報考CFA考試中是要學(xué)習(xí)衍生品科目的知識,在備考一級考試的時候就要學(xué)習(xí)的,那你這一塊知識學(xué)習(xí)的如何呢?是不是掌握了?CFA考試題學(xué)習(xí)的如何?是不是該練習(xí)一下了?
Which ... allows ... to pay the return on a stock index and receive a fixed rate?
A. Equity swap
B. Stock warrant
C. Index futures contract
解析:選A。權(quán)益互換 = 指數(shù)互換,在一股票指數(shù)上支付,然后在固定利率上獲得回報。
Which ... is ... the underlying of a plain vanilla interest rate swap?
A. 180-day Libor
B. 10-year US Treasury bond
C. Bloomberg Barclay’s US Aggregate Bond Index
解析:選A。普通利率互換(plain vanilla interest rate swap)中,利率(如Libor)為基礎(chǔ)。
The price of a pay-fixed receive-floating interest rate swap is most likely:
A. the fixed rate that results in a market value of zero for the swap at initiation.
B. the present value of the floating-rate payments minus the present value of the fixed-rate payments.
C. the sum of the fixed-rate payments minus the sum of the floating-rate payments.
解析:選A?;Q價格是在交易開始時的固定利率,使得固定支付的現(xiàn)值 = 浮動支付的現(xiàn)值,使得互換的市場價值為零。
知識的學(xué)習(xí)是不間斷的,需要考生掌握一定的知識后系統(tǒng)的練習(xí),你是不是需要相關(guān)的CFA題庫練習(xí)呢?這邊有CFA題庫!
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