报考CFA考试中是要学习衍生品科目的知识，在备考一级考试的时候就要学习的，那你这一块知识学习的如何呢？是不是掌握了？CFA考试题学习的如何？是不是该练习一下了？
Which ... allows ... to pay the return on a stock index and receive a fixed rate?
A. Equity swap
B. Stock warrant
C. Index futures contract
解析：选A。权益互换 = 指数互换，在一股票指数上支付，然后在固定利率上获得回报。
Which ... is ... the underlying of a plain vanilla interest rate swap?
A. 180-day Libor
B. 10-year US Treasury bond
C. Bloomberg Barclay’s US Aggregate Bond Index
解析：选A。普通利率互换(plain vanilla interest rate swap)中，利率（如Libor）为基础。
The price of a pay-fixed receive-floating interest rate swap is most likely:
A. the fixed rate that results in a market value of zero for the swap at initiation.
B. the present value of the floating-rate payments minus the present value of the fixed-rate payments.
C. the sum of the fixed-rate payments minus the sum of the floating-rate payments.
解析：选A。互换价格是在交易开始时的固定利率，使得固定支付的现值 = 浮动支付的现值，使得互换的市场价值为零。
知识的学习是不间断的，需要考生掌握一定的知识后系统的练习，你是不是需要相关的CFA题库练习呢？这边有CFA题库！
有需要CFA了考试题库的可以在线咨询老师，这边还有CFA课程和相关的CFA资料可以提供，有需要可以咨询哦！
