首页 > CFA一级 > 正文

CFA一级衍生品真题解析derivative market

发布时间：2025-07-04 14:52编辑：融跃教育CFA

【题目1】

If the risk-free rate increases, the value of an in-the-money European put option will most likely:

A decrease.

B remain the same.

C increase.

答案：A

解析：A iscorrect.

关联考点：European put option

易错点分析：看跌期权是未来以执行价格X卖出某种资产的权利。随着无风险利率的增加，X的现值减少，从而导致期权的价值下降。

【题目2】

Compared with the underlying spot market, derivative markets are more likely to have:

A greater liquidity.

B higher transaction costs.

C higher capital requirements.

答案：A

解析： A iscorrect.

关联考点：spot market and derivative market

易错点分析：

在现货市场，交易是基于实物资产进行的，双方一手交钱一手交货。当交易量巨大，且交易成本较高时，可能会面临找不到卖方或买方的情况，导致交易不能迅速成交。相比之下，衍生品市场具有较低的资本要求和交易成本。衍生品合约可以相对容易地被创建，且可以通过进行反向操作来终止合约，因此衍生品市场通常拥有更高的流动性。

关键词： CFA一级真题

声明：本文章为学习相关信息展示文章，非课程及服务内容文章，产品及服务详情可咨询网站客服微信。文章转载须注明来源，文章素材来源于网络，若侵权请与我们联系，我们将及时处理。

上一篇：CFA一级固定收益真题解析portfolio value,empirical duration

下一篇：已经是最后一篇文章了

精品文章推荐

CFA一级衍生品真题解析derivative market

时间：2025-07-04 作者：融跃CFA官网

CFA一级衍生品真题解析derivative market，If the risk-free rate increases, the value of an in-the-money European put option will most likely:

CFA一级固定收益真题解析portfolio value,empirical duration

时间：2025-07-04 作者：融跃CFA官网

CFA一级固定收益真题解析Empirical duration is likely the best measure of the impact of yield changes on portfolio value,especially under stressed market conditions, for a portfolio consisting of:

CFA一级权益投资真题解析P/E,P/CF,P/S

时间：2025-07-03 作者：融跃CFA官网

CFA一级权益投资真题解析，An analyst has prepared a table of the average trailing twelve-month price-to-earning (P/E), price-to-cash flow (P/CF), and price-to-sales (P/S) for the Tanaka Corporation for the years 2014 to 2017.

CFA一级财务报表分析例题解析owner's equity,treasury stock

时间：2025-07-02 作者：融跃CFA官网

CFA一级财务报表分析例题解析，Which of the following transactions affects owner’s equity but does not affect net income?

CFA一级企业发行人例题解析discount rate,external credit

时间：2025-06-30 作者：融跃CFA官网

CFA一级企业发行人例题解析Consider the two investments below. The cash flows as well as the NPV and IRR for the two investments are given. For both investments, the required rate of return is 10%.