"Alternative Investments":Introduction to Alternative Investments

下載正保會計網(wǎng)校APP 訂閱最新報考消息

來源: 正保會計網(wǎng)校編輯：小鞠橘桔 2020/09/17 09:28:03　字體：大小

選課中心

多樣班次滿足需求

選課中心

資料專區(qū)

干貨資料助力備考

資料專區(qū)

報考指南

報考條件一鍵了解

報考指南

學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！

Questions 1:

An alternative investments fund that uses leverage and takes long and short positions in securities is most likely a:

A、 leveraged buyout fund.

B 、hedge fund.

C 、venture capital fund

Questions 2:

If the level of broad inflation indexes is largely determined by commodity prices, the average real yield on direct commodity investments is most likely:

A 、less than zero.

B 、equal to zero.

C、 greater than zero

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. Hedge funds invest in securities and may take long and short positions. They may also use leverage.

A is incorrect. Leveraged buyout funds make equity investments in established companies

C is incorrect. Venture capital funds provide capital to start-up firms with high growth potential

【Answer to question 2】B

【analysis】

B is correct. As the price increases of commodities are mirrored in higher price indexes, the nominal return is equal to inflation and thus the real return is zero.

A is incorrect. A negative real return implies inflation greater than nominal return. This is not the case if commodity price increases determine inflation.

C is incorrect. A positive real return implies inflation less than nominal return. This is not the case if commodity price increases determine inflation.

成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。