2020年CFA考试《CFA三级》章节练习题精选

2020年CFA考试《CFA三级》考试共题，分为。小编为您整理Fixed-Income Portfolio Management (2)5道练习题，附答案解析，供您备考练习。

1、【单选题】

A.Component A, then Component B, then Component C.

B.Component B, then Component C, then Component A.

C.Component C, then Component A, then Component B.

正确答案:C

答案解析:C is correct. Component (C) is a “shift” in which all yields move in the same direction by similar, though not exactly equal, 

2、【单选题】

A.9.61%.

B.9.68%.

C.12.61%.

正确答案:A

答案解析:A is correct. The expected return on the strategy (riding the curve) is calculated as follows.

3、【单选题】

A.–8 basis points.

B.–6 basis points.

C.2 basis points.

正确答案:B

答案解析:B is correct. The rolling yield of the two portfolios is calculated as follows:

4、The weekly volatility of Winslow’s portfolio is closest to:【单选题】

A.0.56%.

B.0.80%.

C.0.63%.

正确答案:B

答案解析:

5、Which of Donaldson’s statements is correct?【单选题】

A.Only Statement 1

B.Only Statement 2

C.Both Statements 1 and 2

正确答案:B

答案解析:B is correct. Statement 2 is correct: If yields rise, a portfolio of a given duration with higher convexity will experience less