為了順利通過FRM考試，考生會(huì)準(zhǔn)備很多的備考資料，為了幫助考生更好地學(xué)習(xí)課程，掌握相關(guān)的知識(shí)點(diǎn)。在備考資料中有很多的FRM真題，有考生咨詢，F(xiàn)RM真題有必要做嗎？

FRM真題是一定要做的，尤其是近幾年的FRM真題練習(xí)。這樣才能幫助考生掌握重難點(diǎn)，更加順利地通過考試。

Which behavior does asset payoffs and “bad times” events would most likely perform?

A) The expected payoff of an asset in bad times is unrelated to the asset’s expected return, because arbitrageurs eliminate any expected return potential.

B) The expected payoff of an asset in bad times is unrelated to the asset’s expected return, because it depends on investor preferences.

C) The higher the expected payoff of an asset in bad times, the higher the asset’s expected return.

D) The higher the expected payoff of an asset in bad times, the lower the asset’s expected return

答案：D

解析：The higher the expected payoff of an asset in bad times, the lower the assets expected return. Assets that have a positive payoff in bad times are valuable to hold, leading to high prices and, therefore, low expected returns.

FRM考試的內(nèi)容就分享這么多，考生如果對(duì)FRM考試還有更多的疑問，可以文章評(píng)論一起學(xué)習(xí)探討！另外，有2022年全年備考日歷，想要的私信或者評(píng)論哦！