不要裝作很努力,因為結(jié)果不會陪你演戲。人生都是這樣的,在備考CFA考試的時候也是這樣的,沒有人或陪著你一起玩,最后的結(jié)果也是只有自己知道哦!

在備考CFA每天一道考題,增強一下自己的學習,不知道你對這道題有多少的認識呢?小編給你說說!


Suppose the spot exchange rate quote is 1.0120 Canadian dollars (C$) per U.S. dollar. The 1-year nominal interest rate in Canada is 3.0% and the 1-year nominal interest rate in the United States is 1.0%. The expected exchange rate at the end of the year using the uncovered interest rate parity is closest to:

A  C$1.0322.

B  C$0.9923.

C  C$0.9918.

【答案以及解析】

B Using leading P/E from a prior period as an independent variable in the regression is unlikely to result in misspecification because it is not related to any of the six types of misspecifications previously discussed. Were not forecasting the past because leading P/E is calculated using beginning-of-period stock price and a forecast of earnings for the next period. Also, because the dependent variable is monthly returns and not leading P/E, there is no concern about inclusion of a lagged dependent variable in the model. Omitting a relevant independent variable from the regression and using actual instead of expected inflation (measuring the independent variable in error) are likely to result in model misspecification. (Module 5.9, LOS 5.m)

【核心詞匯】

Return:收益。是指股利、利息,或指一項投資獲得的利潤。