开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

害羞的国宝🎄 · 2022年07月11日

这道题portfolio 1的return最高，为啥不选portfolio1呢？

  1. CFA III
  2. Asset Allocation

* 问题详情，请 查看题干

NO.PZ201805280100000302

问题如下：

A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provides Young with asset class estimated returns and portfolio standard deviations in Exhibit 2 and Exhibit 3, respectively. The broker notes that there is a $500,000 minimum investment requirement for alternative assets. Finally, because the funds in the money market account are readily investible, the broker suggests using that account only for this initial investment round.


Young wants to earn at least 6.0% after tax per year, without taking on additional incremental risk. Young’s capital gains and overall tax rate is 25%.

Determine which proposed portfolio most closely meets Young’s desired objectives. (Circle one.) Justify your response.


解释：



这道题portfolio 1的return最高，为啥不选portfolio1呢？

添加评论
1 个答案

lynn_品职助教 · 2022年07月13日

嗨，努力学习的PZer你好：


因为题干中说到Young wants to earn at least 6.0% after tax per year, without taking on additional incremental risk.

首先我们肯定是不能只看收益单项指标的，如果用风险和收益的综合指标，risk-adjusted return，如夏普比率最高来选择最佳组合，那么看这个单独的数据也可以。但这个题目是将收益和风险分开，第一个标准是收益要满足最低6%，计算后发现三个组合都满足；第二个标准是风险尽可能低，即要选择标准差或者方差最低的组合。

----------------------------------------------
虽然现在很辛苦，但努力过的感觉真的很好，加油！

  • 1

    回答

  • 0

    关注

  • 539

    浏览
相关问题

NO.PZ201805280100000302 问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 题干中有Young wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. 的要求。那么在比较portfolio的时候是不是用SFR 更好呢？这样就是Portfolio 1 了

2024-08-07 03:24 1 · 回答

NO.PZ201805280100000302问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 为啥选3，PE=0，谢谢

2024-07-28 14:46 1 · 回答

NO.PZ201805280100000302 问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 都是3%？不用交税吗?

2024-07-13 10:57 1 · 回答

NO.PZ201805280100000302 问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 您好，请问municipbon收益率计算不需要乘以0.75吗

2024-07-12 21:40 1 · 回答

NO.PZ201805280100000302 问题如下 A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provis Young with asset class estimatereturns anportfolio stanrviations in Exhibit 2 anExhibit 3, respectively. The broker notes ththere is a $500,000 minimum investment requirement for alternative assets. Finally, because the fun in the money market account are realy investible, the broker suggests using thaccount only for this initiinvestment rounYoung wants to earn least 6.0% after tper year, without taking on aitionincrementrisk. Young’s capitgains anoverall trate is 25%.termine whiproposeportfolio mostclosely meets Young’s sireobjectives. (Circle one.) Justify your response. 本题如果用SFR 也是选组合3吧？另一个回答里提问说是按照SFR选组合1？不对吧

2024-07-01 23:11 2 · 回答