CFA備考中我們可以發(fā)現(xiàn)CFA一級(jí)考試題在教材中以單選題或者就是直接讓你計(jì)算答案的，那在備考CFA一級(jí)考試是不是掌握了這些知識(shí)呢？跟著小編看看CFA一級(jí)考試題是怎樣的？

A company issues new 20-year $1,000 bonds with a coupon rate of 6.2% payable semiannually at an issue price of $1,030.34. Assuming a tax rate of 28%, the firm’s annual after- tax cost of debt (%) is closest to:

【答案】

PV = ?1,030.34, FV = 1,000, N = 40 (20 × 2), PMT = 31 (0.062 × 1,000 × 0.5)

Compute i，i = 2.97 semiannually

Annually, YTM = 2.97 × 2 = 5.94

Therefore, the associated after-tax value = 0.0428 = 0.0594 × (1 ? 0.28).


在CFA一級(jí)機(jī)考的時(shí)候，CFA考試不是咦上述這種方式出題的，CFA協(xié)會(huì)對(duì)CFA考試題做了明確的規(guī)定，以下列考試題出題的，具體的跟著小編一起看看吧！

A company’s $100, 8% preferred is currently selling for $85. What is the company’s cost of preferred equity?

A. 8.0%.

B. 9.4%.

C. 10.8%.

【答案】B

【解析】kps = Dps / Pps, Dps = $100 × 8% = $8, kps = 8 / 85 = 9.4%

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