新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Derivative"exercise:Derivative Instruments
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:
In efficient financial markets, risk-free arbitrage opportunities:
A 、will not exist.
B 、may persist in the long run.
C 、may exist temporarily
Questions 2:
Compared with traditional investments, over longer periods, alternative investments are least likely to have:
A、 better diversifying power.
B、 higher expected returns.
C、 more efficiently priced assets.
View answer resolution
【Answer to question 1】C
【analysis】
C is correct. In efficient financial markets, risk-free arbitrage opportunities may exist temporarily, but their continuous exploitation will eliminate these arbitrage opportunities in the long run.
A is incorrect. Financial markets being efficient does not mean that risk-free arbitrage opportunities cannot exist.
B is incorrect. In efficient financial markets, any risk-free arbitrage opportunities will exist only temporarily because their continuous exploitation will result in these arbitrage opportunities being eliminated in the long run.
【Answer to question 2】C
【analysis】
C is correct. Alternative investment strategies are more likely to include securities that trade in less liquid markets than securities that trade in relatively more liquid markets in which traditional, long-only investments trade.
A is incorrect because alternative investments generally have low return correlations with traditional asset markets, providing better diversification benefits.
B is incorrect because alternative investments are expected to produce higher returns (particularly on a risk-adjusted basis) than traditional markets, in part because they focus on less efficient markets
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>
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
