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小J会通过 · 2024年01月01日

求问

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NO.PZ202209060200004003

问题如下:

If Puhuyesva’s focus is avoiding credit quality deterioration, which of the South American debt indexes should most likely be chosen on the basis of the information in Exhibit 2?

选项:

A.RFS B.DS C.BSCA

解释:

Solution

C is correct. Compared with other weighting schemes, such as equally weighted, value-weighted indexes are tilted toward issuers with higher levels of debt. The more an issuer or sector borrows, the greater the tilt toward that issuer in the index. Leverage and creditworthiness are negatively correlated, so a value-weighted index will be more susceptible to credit quality deterioration than an equally weighted index will be. BSCA is an equally weighted index, whereas the others are value weighted.

A is incorrect because RFS is a value-weighted index.

B is incorrect because DS is a value-weighted index.

老师,歪个楼,发现一个规律,每次做handbook的题目就各种别扭,做原版书的题就很丝滑。请问考试的难度更接近哪个?handbook的题目,知识点也是考试的重点么?

1 个答案

pzqa31 · 2024年01月02日

嗨,爱思考的PZer你好:


原版书更接近,知识点就按照咱们基础班讲义老师讲到的来就行,做题方面还是以咱们经典题、原版书后题为主,然后再做做Mock就差不多了,handbook上有些题确实出的不常规。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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NO.PZ202209060200004003 问题如下 If Puhuyesva’s focus is avoing cret quality terioration, whiof the South Americinxes shoulmost likely chosen on the basis of the information in Exhibit 2? A.RFS B. C.BS SolutionC is correct. Comparewith other weighting schemes, suequally weighte value-weighteinxes are tiltetowarissuers with higher levels of bt. The more issuer or sector borrows, the greater the tilt towarthissuer in the inx. Leverage ancretworthiness are negatively correlate so a value-weighteinx will more susceptible to cret quality terioration thequally weighteinx will be. BSis equally weighteinx, wherethe others are value weighteA is incorrebecause RFS is a value-weighteinx.B is incorrebecause is a value-weighteinx. 题干里也没有看到要避免因为发行主体发行量大而产生风险的描述呀仅从inx包含的ration, number of portfolio和convexity来判断不行么?

2024-05-10 21:43 1 · 回答

NO.PZ202209060200004003這題可以通過判斷未來cret sprea高,要降低ration來選擇最小ration的portfolio 嗎?

2023-02-04 11:27 1 · 回答

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