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yehan99 · 2018年03月30日

问一道题:NO.PZ2015120604000033 [ CFA I ]

问题如下图:

    

选项:

A.

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C.

解释:


HPR1难道不是(35/30)-1?我理解HPR2是(5/70)-1,然后HPR3是80/70,对应t0-t1, t1-t2, t2-t3, 怎么d答案HPR1就直接把两年的HPR算了,HPR2zhi只对应了1年?

2 个答案

源_品职助教 · 2018年08月09日

第一期结束的时候,因为此时只有一只股票。那么就计算这只股票的收益。35元是把这只股票卖掉后的价格,自然属于收益。

你所理解的35元支出,是针对在第一期结束时(也就是第二个投资期开始时)买进的股票。但这是再求第二期HOLD时候所考虑的。第个投资期和第二个投资期需要分开计算。

源_品职助教 · 2018年03月31日

在T=1时刻,购于T=0时刻的股票会产生5元分红,所以HPR1的总收益是35+5,而不是30

在T=2时刻,由于没有分红,所以不需要考虑分红,但是T=2时刻有资本利得。每只股票卖出40,所以HPR2Z的总收益共80.

没有同学你所说的HPR3,因为0到1时刻是第一期HPR1,1到2时刻是第二期HPR2。

同学你还需要熟悉下教材的基本概念。

 

六粒橙 · 2018年08月09日

请问解答中HPR1的收益40 包括5元分红 和另外35元,但是35不是一年后又买了一只股票,这35元不是支出吗?请问怎么看出是收益?谢谢老师。

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NO.PZ2015120604000033问题如下 Tom bought one share of sto$30 time 0. the enof ye1, the stopai$5 vinper share anthen Tom bought one more share $35.the enof ye2, Tom sol2 shares for $40 each.Calculate the time-weighterate of return on this investment. A.9.88%.B.15.00%.C.23.13%.is correct.ring the year1, the hong return is (35 + 5) / 30 - 1= 33.33%,ring the year2, the hong return is 80 / 70 - 1 = 14.29%Time-weightereturn = [(1.33)(1.14)]0.5 - 1 = 23.13%​你好,问一下。 这个题是用在课程中学过的公式是〈(P1—P0)+I 〉/ P0 算对吧 ? 〈 35—30+5〉/ 30 = 0.333333

2024-03-26 16:03 1 · 回答

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2024-01-05 12:33 1 · 回答

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2023-09-10 17:16 1 · 回答

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2023-08-28 22:57 1 · 回答

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2023-08-01 23:24 1 · 回答