FRM真題練習(xí),備考的考生有必要做練習(xí)嗎?
臨近5月FRM考試,你是如何備考的?看大量的學(xué)習(xí)資料?看FRM網(wǎng)課?無論是怎樣的復(fù)習(xí),都是為了能夠順利通過考試。在備考中,還會(huì)遇到有的考生做練習(xí)題,并且是歷年的FRM真題,那么,備考的考生有必要做嗎?
在備考FRM考試中,做大量的真題練習(xí)是很有必要的,尤其是歷年的FRM真題。下面是小編列舉的,一起了解一下:
Charleston Funds intends to use leverage to increase the returns on a ?convertible arbitrage strategy. The return on assets (ROA) of the strategy is ?8%.
The fund has $1,000 invested in the strategy and will finance the investment ?with 75% borrowed funds. The cost of borrowing is 4%. The return on equity (ROE) ?is closest to:
A) 4%.
B) 32%.
C) 20%
D) 12%
答案:C
解析:debt=$1,000x0,75=$750
leverage ratio = total assets / equity
leverage ratio = $1,000 / $250 = 4
rE = LrA - (L - 1)rD

where:
rA = return on assets
rE = return on equity
rD = cost of debt
L = leverage ratio
return on equity = 4(8%) - [(4 - 1)(4%)] = 32% - 12% = 20%
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!