"quantity"exercise:discount rate
来源： 正保会计网校
2020-11-10
普通
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Questions 1:
If the stated annual interest rate is 9% and the frequency of compounding is daily, the effective annual rate (EAR) is closest to:
A 、9.00%.
B、 9.86%.
C、 9.42%.
Questions 2:
Using a discount rate of 5%, compounded monthly, the present value (PV) of $5,000 to be received three years from today is closest to:
A、 $4,319.
B、 $4,305.
C、 $4,250.
View answer resolution
【Answer to question 1】C
【analysis】
A is incorrect because it treats the stated rate and the EAR as equivalents.
B is incorrect; it is calculated using (9/365) × 4 = 0.09863.
【Answer to question 2】B
【analysis】
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>
