开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

Brownie · 2022年03月05日

麻烦老师讲解一下这道题答案的意思

  1. CFA III
  2. Asset Allocation

* 问题详情，请 查看题干

NO.PZ201805280100000303

问题如下：

The broker suggests that Young rebalance her $5.5 million money market account and the $3.0 million tax-deferred retirement account periodically in order to maintain their targeted allocations. The broker proposes the same risk profile for the equity positions with two potential target equity allocations and rebalancing ranges for the two accounts as follows:
■ Alternative 1: 80% equities +/– 8.0% rebalancing range
■ Alternative 2: 75% equities +/– 10.7% rebalancing range

解释：

麻烦老师讲解一下这道题答案的意思

添加评论
1 个答案
已采纳答案

郭静_品职助教 · 2022年03月07日

嗨，从没放弃的小努力你好：


用到的是这个知识点：

如果有税的影响，实际的税后波动性是要小于税前波动性的，收益要交税，亏损可以抵税，你可以想象成税局帮你分摊了一部分风险；波动性小，rebalancing range越大。因此对于普通的税收账户，因为投资要征税，所以波动性要小，rebalancing range大；反之，有税收优惠的账户，它的波动性就会相比普通的税收账户要大一些，rabalancing range小。

回到这一题，5.5m的账户实际上就是普通的税收账户，因此波动性要小，rebalancing range大，所以选择alternative 2。

3m的递延退休账户是税收优惠账户，波动性大，rebalancing range小，所以选择alternative 1。


----------------------------------------------
就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

  • 1

    回答

  • 2

    关注

  • 410

    浏览
相关问题

NO.PZ201805280100000303 问题如下 The broker suggests thYoung rebalanher $5.5 million money market account anthe $3.0 million tax-ferreretirement account periocally in orr to maintain their targeteallocations. The broker proposes the same risk profile for the equity positions with two potentitarget equity allocations anrebalancing ranges for the two accounts follows:■ Alternative 1: 80% equities +/– 8.0% rebalancing range■ Alternative 2: 75% equities +/– 10.7% rebalancing range 就是看了题目和答案解析没懂，老师能不能用中文讲一遍？

2024-09-14 15:14 1 · 回答

NO.PZ201805280100000303 问题如下 The broker suggests thYoung rebalanher $5.5 million money market account anthe $3.0 million tax-ferreretirement account periocally in orr to maintain their targeteallocations. The broker proposes the same risk profile for the equity positions with two potentitarget equity allocations anrebalancing ranges for the two accounts follows:■ Alternative 1: 80% equities +/– 8.0% rebalancing range■ Alternative 2: 75% equities +/– 10.7% rebalancing range 本题直接从taxable账户要选 wir 节约成本的角度就可以了吧?为什么要绕道volaitility去呢？虽然结果是一样的，但是想不到答案里的从波动性再推到range的角度。

2024-07-02 00:44 1 · 回答

解析错误 没看懂为什么这道题是5,5m的账户对应选择2，老师求解析？

2024-06-03 15:34 1 · 回答

NO.PZ201805280100000303问题如下 The broker suggests thYoung rebalanher $5.5 million money market account anthe $3.0 million tax-ferreretirement account periocally in orr to maintain their targeteallocations. The broker proposes the same risk profile for the equity positions with two potentitarget equity allocations anrebalancing ranges for the two accounts follows:■ Alternative 1: 80% equities +/– 8.0% rebalancing range■ Alternative 2: 75% equities +/– 10.7% rebalancing range 如果这题我回答的角度是 money market account is a taxable account, tbrings aitioncost for rebalance, so neewir rebalanrange 对吗？

2023-09-06 19:36 1 · 回答

NO.PZ201805280100000303问题如下 The broker suggests thYoung rebalanher $5.5 million money market account anthe $3.0 million tax-ferreretirement account periocally in orr to maintain their targeteallocations. The broker proposes the same risk profile for the equity positions with two potentitarget equity allocations anrebalancing ranges for the two accounts follows:■ Alternative 1: 80% equities +/– 8.0% rebalancing range■ Alternative 2: 75% equities +/– 10.7% rebalancing range 该问题没有明白，具体考察的知识点是。。。？

2023-05-12 23:19 3 · 回答