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J · 2020年09月14日

问一道题:NO.PZ2018070201000039 [ CFA I ]

问题如下:

Which of the following recently funded exchange-traded funds has the highest annualized rate of return?

选项:

A.

ETF A.

B.

ETF B

C.

ETF C.

解释:

B is correct.

Annualized rate of return of ETF A is 11.3% = (1.045 365/ 150  )-1

Annualized rate of return of ETF B is 16.8% = (1.012 52/4  )-1

Annualized rate of return of ETF C is 8.4% = (1.144 12/ 20 )-1

So, ETF B has the highest annualized return, despite having the lowest value for the periodic rate.

请问什么时候一年用360天,什么时候一年365天?
1 个答案

星星_品职助教 · 2020年09月14日

同学你好,

一般来说单利用360,复利用365。考察复利的题目数量更多一些。

但具体要看题干的说法和对应的是哪种产品,不同产品对应的天数不一定相同,例如LIBOR一般就用360。具体可以对应上课时讲过的产品特点和计算要求。

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