不要装作很努力，因为结果不会陪你演戏。人生都是这样的，在备考CFA考试的时候也是这样的，没有人或陪着你一起玩，*后的结果也是只有自己知道哦！
在备考CFA每天一道考题，增强一下自己的学习，不知道你对这道题有多少的认识呢？小编给你说说！
Suppose the spot exchange rate quote is 1.0120 Canadian dollars (C$) per U.S. dollar. The 1-year nominal interest rate in Canada is 3.0% and the 1-year nominal interest rate in the United States is 1.0%. The expected exchange rate at the end of the year using the uncovered interest rate parity is closest to:
A C$1.0322.
B C$0.9923.
C C$0.9918.
【答案以及解析】
B Using leading P/E from a prior period as an independent variable in the regression is unlikely to result in misspecification because it is not related to any of the six types of misspecifications previously discussed. We’re not forecasting the past because leading P/E is calculated using beginning-of-period stock price and a forecast of earnings for the next period. Also, because the dependent variable is monthly returns and not leading P/E, there is no concern about inclusion of a lagged dependent variable in the model. Omitting a relevant independent variable from the regression and using actual instead of expected inflation (measuring the independent variable in error) are likely to result in model misspecification. (Module 5.9, LOS 5.m)
【核心词汇】
Return：收益。是指股利、利息，或指一项投资获得的利润。
