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CFA一級 數量分析

For a credit card, it charges 15% compounded monthly. Its effective annual rate is closet to:

A. 15.78%.

B. 18.85%.

C. 16.08%.

【答案】Solution: C

CFA一級 組合管理

Which of the following is the advantage of diversification compared to investing in a single security?

A. It decreases the volatility of returns.

B. It increases the probability of high returns.

C. It increases the expected rate of return.

【答案】Solution: A

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