CFA考試屬于金融考試，在考試中有大多數(shù)是計算題，不知道你現(xiàn)在復(fù)習的怎么樣了？對CFA計算題掌握的怎么樣了呢？
接下來我們看看下面的這兩道CFA計算題你會做嗎？會用計算器計算嗎？畢竟CFA考試時間有限，熟練掌握計算器才是有效的！
【例1】Assume management fees are calculated using end-of-period valuation. Theinvestor’s net return given this fee structure is closest to:
A.10.88%.
B.9.79%.
C.9.68%.
答案: A
解析:在計算incentive fee的時候要考慮到high water mark。
Management fee: 2% of $125 million = $2.5 million
Incentive fee: 20% of ($125 million ? $113.6 million) = $2.28 million
In total: $2.5 million + $2.28 million = $4.78 million
【例2】A hedge fund with an initial value of $100 million has a management fee of 2% and an incentive fee of 20%. Management and incentive fees are calculated independently using end-of-period valuation. The value must reach the previous high-water mark before incentive fees are paid. The table below provides end-of-period fund values over the next three years.
The total amount of fees earned by the hedge fund in Year 3 is closest to:
A.$4.8 million.
B.$5.5 million.
C.$5.9 million
答案: A
解析:在計算incentive fee的時候要考慮到high water mark。
Management fee: 2% of $125 million = $2.5 million
Incentive fee: 20% of ($125 million ? $113.6 million) = $2.28 million
In total: $2.5 million + $2.28 million = $4.78 million
融躍老師給你出了兩個考試CFA計算題，也把考試解析給你說了說，如果你需要考試題的話，可以到融躍官網(wǎng)看看，如需要一些歷年的真題可以聯(lián)系我們的老師領(lǐng)取！
戳：各科必背定義+歷年真題中文解析+學習備考資料（PDF版）
