2020年CFA考试《CFA二级》每日一练
2020年CFA考试《CFA二级》考试共题，分为。小编每天为您准备了5道每日一练题目（附答案解析），一步一步陪你备考，每一次练习的成功，都会淋漓尽致的反映在分数上。一起加油前行。
1、Based on Exhibit 1, the predicted WTI oil price for September 2015 using the log-linear trend model is closest to:【单选题】
A.$74.77.
B.$103.10.
正确答案:B
答案解析:C is correct. The predicted value for period t from a log-linear trend is calculated as
2、Which of the following would best complete the objectives of corporate governance for the CEO?【单选题】
A.Ensure that assets of the company are used efficiently and productively and in the
B.Clearly define governance responsibilities for both managers and directors.
C.
正确答案:A
答案解析:A is correct. The two major objectives of corporate governance are to eliminate or mitigate conflicts of interest, particularly between managers and shareholders, and to ensure the efficient and productive use of assets in the best interests of investors and other stakeholders.
3、The five-year spot rate is not given above; however, the forward price for a two-year zero-coupon bond beginning in three years is known to be 0.8479. The price today of a five-year zero-coupon bond is closest to:【单选题】
A.0.7119.
B.0.7835.
C.0.9524.
正确答案:A
答案解析:
4、All else equal, an investor expects future inflation to increase, but the uncertainty of future inflation to fall. For such an investor the break-even inflation rate:【单选题】
A.is uncertain.
B.is expected to fall.
C.is expected to rise.
正确答案:A
答案解析:A is correct. The break-even inflation rate is the difference between the yield on a zero-coupon,
5、The 2014 after-tax operating cash flow for the new division (in USD millions) is closest to:【单选题】
A.0.38
B.0.56
C.0.81
正确答案:C
答案解析:Determine the yearly cash flows of expansion and replacement capital projects, and evaluate how the choice of depreciation method affects those cash flows.