唯学网小编提醒：参加特许金融分析师考试CFA，就不能打无准备之仗，至少你要明白最接近的考试中AIMR到底都考了那些知识，更别提大量的重复了。2004年6月的考试和2003年12月的考试重复率极高，初步估计在70%以上。所以，试题是重点，一些重复的信息考生也要格外的关注。希望本文的CFA金融分析师考试试题能对考生有帮助。
1. A portfolio of no-dividend-paying common stocks earned a geometric mean return of 5 percent between 1 January 1996 and 31 December 2002. The arithmetic mean return for the same period was 6 percent. If the market value of the portfolio at the beginning of 1996 was $100,000, the market value of the portfolio at the end of 2002 was closest to
A . 135,000
B. 140,710
C. 142,000
D. 150,363
Answer: B
There are seven annual periods between I January 1996 and 31 December 2002, the market value of the portfolio
2. Which of the following statements about standard deviation is most accurate? Standard deviation:
A. is the square of the variance.
B. can be a positive number or a negative number.
C. is denominated in the same units as the original data.
D. is the arithmetic mean of the squared deviations from the mean.
Answer: C
The arithmetic average of the squared deviations around mean is the variance. The standard deviation is the positive square root of the variance and is denominated in the same units as the original data
3. An analyst developed the following probability distribution of the rate of return for a common stock
Scenario Probability Rate of Return
1 0.25 0.08
2 0.50 0.12
3 0.25 0.16
The standard deviation of the rate of return is closest to
A. 0.0200
B. 0.0267
C. 0.0283
D. 0.0400
Answer:C
Expected value=0.12
Variance=0.0008
Standard deviation=0.028
