NO.PZ2022061307000041
问题如下:
Question A security market index that reports returns based on the reinvestment of income and the change in price of its constituent securities is best described as which type of index?选项:
A.Total return B.Float-adjusted C.Price return解释:
SolutionA is correct. A total return index reflects not only the constituent securities’ prices but also the reinvestment of all income since inception.
B is incorrect. Float-adjustment is related to the weighting of constituent securities within the index and is not related to whether the index is reported based on price return or total return.
C is incorrect. A price index reflects only the prices of the constituent securities within the index and excludes the reinvestment of income.
如题