新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Alternative Investments":Private equity firm
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，正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
Which attribute would a private equity firm most likely desire when deciding if a company is particularly attractive as a leveraged buyout target?
A、 Sustainable cash flow
B 、Efficient management
C 、Market value exceeds intrinsic value
Questions 2:
The three main sources of return for commodities futures contracts most likelyare:
A 、convenience yield, dividend yield, and spot price return.
B 、collateral yield, roll yield, and spot price return.
C 、collateral yield, convenience yield, and roll yield.
View answer resolution
【Answer to question 1】A
【analysis】
A is correct. Private equity firms look for companies that have strong cash flows and a significant amount of physical assets. These physical assets can be used as security and borrowed against.
B is incorrect because private equity firms look for companies that are inefficiently managed. The goal is to turn them around and thus perform better.
C is incorrect because private equity firms look for companies that have an intrinsic value that exceeds their market value.
【Answer to question 2】B
【analysis】
B is correct. The three main sources of return for a commodities futures contract are collateral yield, roll yield, and spot price return.
A is incorrect because collateral yield and roll yield are missing. Dividend yield is not a source of return for commodities futures investments.
C is incorrect because spot price return is missing. A high convenience yield results in a situation where the futures price will be below the spot price. In this case, the price of the futures contract rolls up to the spot price as the expiry date of the contract approaches.
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”。更多CFA考試資訊，點擊了解>
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網安備 11010802044457號
