"quantity"exercise:Discounted Cash Flow Applications

來源: 正保會計網(wǎng)校編輯：小鞠橘桔 2020/09/27 09:27:15　字體：大小

學(xué)習(xí)是一個不斷積累的過程，每天學(xué)習(xí)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(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！

Questions 1:

An investor purchases 100 shares of stock at $40 per share. The investor holds the shares for exactly one year and then sells all of them at $41.50 per share. On the date of sale, the investor receives dividends totaling $200. The holding period return (HPR) on the investment is closest to:

A 、8.75%.

B、 3.75%.

C、 8.43%.

Questions 2:

When testing a hypothesis, the power of a test is best described as the:

A 、same as the level of significance of the test.

B、 probability of rejecting a true null hypothesis.

C、 probability of correctly rejecting the null hypothesis.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. HPR = (P1 – P0 + D1)/P0. In this problem: (41.50 – 40 + 2)/40 = 8.75%.

B is incorrect; it is calculated as (41.50 – 40)/40 = 3.75% (ignores dividends).

C is incorrect; it is calculated as (41.50 – 40 + 2)/41.50 = 8.43% (wrong denominator)

【Answer to question 2】C

【analysis】

C is correct. The power of a test is the probability of correctly rejecting the null hypothesis—that is, the probability of rejecting the null when it is false.

A is incorrect because this is the definition of Type I error.

B is incorrect because this is in fact a Type I error.

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(xí)。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(xí)，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>

上一篇："quantity"exercise:Probability Concepts

下一篇："quantity"exercise: Common Probability D...