NO.PZ202204250100001504
问题如下：
Which of West’s statements regarding rebalancing ranges is least likely correct?
选项：
A.Statement 1.
Statement 2.
解释：
Correct Answer: C
Statement 3 is incorrect. Rebalancing ranges for non-US
developed equity should be wider than US equity under the cost-benefit (not
proportional range) because it has higher transaction costs. Rebalancing ranges
under the proportional range approach are defined as +/– 600 basis points for
all asset classes in this example and are computed as follows.
Rebalancing ranges
for bonds under the proportional range approach:
20% × (1 + 600
bps) = 20% × 1.06 = 21.2%
20% × (1 – 600
bps) = 20% × 0.94 = 18.8%
Hypothetical
Rebalancing Ranges under Three Different Approaches
如题，Statement 2没有看懂