备考CFA考试中知识点的掌握是做题体现出来的,在备考CFA考试中你的考试题是不是做了,CFA考试每日一练的考试题来了!跟着小编一起看看计算题是怎样的!

1、A trader takes a long position in 40 futures contracts on Day 1. The futures have a daily price limit of $5 and closes with a settlement price of $106. On Day 2, the futures trade at $111 and the bid and offer move to $113 and $115, respectively. The futures price remains at these price levels until the market closes. The marked-to-market amount the trader receives in his account at the end of Day 2 is closest to:【单选题】

A.$200.

B.$280.

C.$320.

正确答案:A

Describe price limits and the process of marking to market, and calculate and interpret the margin balance, given the previous day’s balance and the change in the futures price.

A is correct. Because the future has a daily price limit of $5, the highest possible settlement price on Day 2 is $111. Therefore, the marked to market value would be ($111-$106) x 40 = $200.

2、Babu Dhaliwal, CFA, does research about foreign exchange market.The europer Argentine peso (EUR/ARS) spot rate is 0.178 9 and the forward rate is at a discount of 0.27%.The forward rate is closest to:【单选题】

A.0.1741

B.0.1784

C.0.1794

正确答案:B

答案解析:0.1789 × (l -0.27%) =0.1784,说明阿根廷比索贬值,而欧元升值。

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