"quantity"exercise:The required rate of return
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:
The minimum rate of return an investor must receive in order to accept an investment is best described as the:
A、 internal rate of return.
B、 required rate of return.
C 、expected return.
Questions 2:
A borrower is considering three competing mortgage loan offers from her bank. The amount borrowed on the mortgage is $100,000 with monthly compounding.
The rate on the ARM resets at the end of Year 3. Assuming the ARM is permanently reset at 5.500% (i.e., the remaining balance on the loan is assumed to be repaid with a 5.500% stated annual interest), which of the three loans will have the smallest monthly payment after the rate reset at the end of Year 3?
A 、30-year fixed-rate loan
B 、20-year fixed-rate loan
C 、30-year ARM
B is correct. The required rate of return is the minimum rate of return an investor must receive in order to accept an investment.
A is incorrect. The required rate of return is the minimum rate of return an investor must receive in order to accept an investment. The internal rate of return is the discount rate that makes net present value equal to zero
C is incorrect. The required rate of return is the minimum rate of return an investor must receive in order to accept an investment. The expected return is based on the expected value of a random variable and is not the minimum rate of return an investor must receive in order to accept an investment (i.e., the expected return could also be negative)
A is correct. The timeline for the 30-year fixed rate is as follows:
