"Alternative Investments":Private equity firm
学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！
Questions 1:
Which attribute would a private equity firm most likely desire when deciding if a company is particularly attractive as a leveraged buyout target?
A、 Sustainable cash flow
B 、Efficient management
C 、Market value exceeds intrinsic value
Questions 2:
The three main sources of return for commodities futures contracts most likelyare:
A 、convenience yield, dividend yield, and spot price return.
B 、collateral yield, roll yield, and spot price return.
C 、collateral yield, convenience yield, and roll yield.
A is correct. Private equity firms look for companies that have strong cash flows and a significant amount of physical assets. These physical assets can be used as security and borrowed against.
B is incorrect because private equity firms look for companies that are inefficiently managed. The goal is to turn them around and thus perform better.
C is incorrect because private equity firms look for companies that have an intrinsic value that exceeds their market value.
B is correct. The three main sources of return for a commodities futures contract are collateral yield, roll yield, and spot price return.
A is incorrect because collateral yield and roll yield are missing. Dividend yield is not a source of return for commodities futures investments.
C is incorrect because spot price return is missing. A high convenience yield results in a situation where the futures price will be below the spot price. In this case, the price of the futures contract rolls up to the spot price as the expiry date of the contract approaches.
成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>
