CFA备考中我们可以发现CFA一级考试题在教材中以单选题或者就是直接让你计算答案的,那在备考CFA一级考试是不是掌握了这些知识呢?跟着小编看看CFA一级考试题是怎样的?

A company issues new 20-year $1,000 bonds with a coupon rate of 6.2% payable semiannually at an issue price of $1,030.34. Assuming a tax rate of 28%, the firm’s annual after- tax cost of debt (%) is closest to:

【答案】

PV = −1,030.34, FV = 1,000, N = 40 (20 × 2), PMT = 31 (0.062 × 1,000 × 0.5)

Compute i,i = 2.97 semiannually

Annually, YTM = 2.97 × 2 = 5.94

Therefore, the associated after-tax value = 0.0428 = 0.0594 × (1 − 0.28).


在CFA一级机考的时候,CFA考试不是咦上述这种方式出题的,CFA协会对CFA考试题做了明确的规定,以下列考试题出题的,具体的跟着小编一起看看吧!

A company’s $100, 8% preferred is currently selling for $85. What is the company’s cost of preferred equity?

A. 8.0%.

B. 9.4%.

C. 10.8%.

【答案】B

【解析】kps = Dps / Pps, Dps = $100 × 8% = $8, kps = 8 / 85 = 9.4%

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