24周年

財稅實務 高薪就業(yè) 學歷教育
APP下載
APP下載新用戶掃碼下載
立享專屬優(yōu)惠

安卓版本:8.7.50 蘋果版本:8.7.50

開發(fā)者:北京正保會計科技有限公司

應用涉及權限:查看權限>

APP隱私政策:查看政策>

HD版本上線:點擊下載>

"Equity Investments Market Efficiency":stock intrinsic value

來源: 正保會計網(wǎng)校 編輯:大耳朵圖圖 2020/10/14 13:57:54 字體:

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(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試,夢想成真!

Questions 1:

Given the following information for a company:

● Market value per share $250

● Current dividend per share $5

● Dividend growth rate 4%

● Required rate of return 6%

and using the Gordon growth model to estimate the intrinsic value, a share of the company is best described as being:

A 、fairly valued.

B、 overvalued.

C、 undervalued.

Questions 2:

Industry analysis is least useful to those who are engaged in:

A、 a top-down investment approach.

B 、indexing and passive investing strategies.

C、 portfolio performance attribution.

View answer resolution
【Answer to question 1】C

【analysis】

C is correct. The intrinsic value of an equity security based on the Gordon growth model is estimated as follows:

捕獲

1

【Answer to question 2】B

【analysis】

B is correct. Indexing and passive investing strategies would not engage in over- or underweighting of industries, industry rotation, or timing investments in industries. Therefore, industry analysis is not useful to such investors or portfolio managers. 

A is incorrect. In a top-down investing approach, industry analysis is useful to identify industries with positive, neutral, or negative outlooks for profitability and growth, which will then help weighting of industries relative to the benchmark.

C is incorrect. Portfolio performance attribution, which addresses the sources of a portfolio’s returns, usually in relation to the portfolio’s benchmark, includes industry or sector selection

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(jīng)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>

免費試聽

特許金融分析師限時免費資料

  • CFA報考指南

    CFA報考指南

  • CFA考試大綱

    CFA考試大綱

  • CFA歷年

    CFA歷年

  • CFA學習計劃

    CFA學習計劃

  • CFA思維導圖

    CFA思維導圖

  • CFA備考建議

    CFA備考建議

回到頂部
折疊
網(wǎng)站地圖

Copyright © 2000 - odtgfuq.cn 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(jīng)營許可證 京公網(wǎng)安備 11010802044457號

報考小助理

備考問題
掃碼問老師