CFA备考|CFA考试试题精选_衍生品试题
备考必备 | 2015-11-30
【每日一题】CFA一级衍生品1:Which of thefollowing content is in affirmative covenant?
A. The company can’tsell assets that have been pledged as collateral.
B. To insure andperform periodic maintenance on financed assets.
C. The company can’tborrow additional money unless certain financial conditions are met.
Solution: B
Which of the following statement about theshort position in a deliverable forward contract is most likely accurate?
A. It has no default risk.
B. It is obligated to deliver thespecified asset.
C. It makes a cash payment to the long atsettlement.
Solution: B
Arbitrage opportunities will exist inwhich of the following condition?
A. Two identical assets or derivativessell for different prices.
B. Combinations of the underlying assetand a derivative earn the risk-free rate.
C. Arbitrageurs simultaneously buytakeover targets and sell takeover acquirers.
Solution: A
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