CFA 一级考试课程着重于投资评估和管理的工具,还包括资产估值和投资组合管理技巧的入门介绍。在备考CFA一级考试中是不是掌握了知识？近日CFA考试题分享！
1.Which of the following statements about the payback period method is least accurate？The payback period：
A.provides a rough measure of a project's liquidity.
B.considers all cash flows throughout the entire life of a project.
C.is the number of years it takes to recover the original cost of the investment.
【答案】B
【解析】
The payback period ignores cash flows that go beyond the payback period.
2.Which of the following statements is/east accurate？The discounted payback period：
A.frequently ignores terminal values.
B.is generally shorter than the regular payback.
C.is the time it takes for the present value of the project's cash inflows to equal the initial cost of the investment.
【答案】B
【解析】
The discounted payback is longer than the regular payback because cash flows are discounted to their present value.
3.Which of the following statements about NPV and IRR is least accurate？
A.The IRR can be positive even if the NPV is negative.
B.When the lRR is equal to the cost of capital，the NPV will be zero.
C.The NPV will be positive if the IRR is less than the cost of capital.
【答案】C
【解析】
If IRR is less than the cost of capital，the result will be a negative NPV.
CFA知识学习是长期的事情，但是坚持CFA考试是每一位学员应该做到的。通过CFA考试掌握更多的金融知识，让自己变成富有的人。更多CFA备考知识、资料领取及学习答疑的事情，学员可以在线咨询老师。
