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daisy0405 · 2019年06月17日

问一道题:NO.PZ2015121801000073 [ CFA I ]

问题如下图:

选项:

A.

B.

C.

解释:

从哪里可以看到borrowing 

1 个答案

Wendy_品职助教 · 2019年06月18日

解题思路:

这道题的考点是CAL的定性表述和两基金分离定律,关键是要读懂题目和判断考点。

dominate是优于、胜过的意思。这道题目问的是CAL上能获得比切点(optimal risky portfolio)还高的return是因为什么?

CAL切点的右上方的组合是borrowing portfolio,,通过向银行借钱投资optimal risky portfolio,能获得比切点(optimal risky portfolio)还高的return。

 

易错点分析:这道题有两个难点,首先,有些同学没有读懂题干的意思,不知道题目在说什么。其次,没有想到考点是什么。日常练习的时候遇到定性的题目,可以多读几遍题目,慢慢熟悉协会的定性表述,这是我们要逐渐培养的技能。

 

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