国产女人大黑β片在线观看_国产成人亚洲精品无码Av大片l_亚洲成人无码手机播放_强奸暴虐视频在线观看

您當(dāng)前位置: 唯學(xué)網(wǎng) » 金融分析師 » 試題專題 »

CFA金融分析師考試試題:衍生品投資

CFA金融分析師考試試題:衍生品投資

唯學(xué)網(wǎng) • 教育培訓(xùn)

2013-11-4 16:01

金融分析師考試

CFA

唯學(xué)網(wǎng) • 中國(guó)教育電子商務(wù)平臺(tái)

加入收藏

唯學(xué)網(wǎng)小編提醒:CFA金融分析師考試中的衍生品投資主要是指目前廣泛被關(guān)注的,遠(yuǎn)期(Farwork)、期貨(future)、期權(quán)(option)、互換/掉期(swop)等內(nèi)容。一級(jí)是考核四種衍生工具的介紹和性質(zhì)分析。二級(jí)是考核四種衍生工具的定價(jià)。希望考生認(rèn)真復(fù)習(xí)CFA金融分析師考試。

十六 Asset Valuation: Derivative Investments

1.A: Introduction

a: Define derivative instrument, arbitrage opportunity, forward contract, futures contract, option (both a put and a call), option on futures, and swap.

A financial derivative is a financial instrument whose payoffs depend on another financial instrument or asset. For example, an option on a share of stock depends on the value of the underlying price of the share. This book discusses four types of derivatives: forwards, futures, options, and swaps.

An arbitrage opportunity is the chance to make a riskless profit with no investment. In arbitrage, you observe two identical assets with different prices.

A forward contract is a contract negotiated in the present that gives the contract holder both the right and full legal obligation to conduct a transaction at a specific future time involving a specific quantity and type of asset at a predetermined price.

A futures contract is a forward contract that has been highly standardized and closely specified. As with a forward contract, a futures contract calls for the exchange of some good at a future date for cash, with the payment for the good to occur at the future delivery date.

An options contract gives its owner the right, but not the legal obligation, to conduct a transaction involving an underlying asset at a predetermined future date and at a predetermined price (called the exercise or strike price). Options, however, only give the long position the right to decide whether or not the trade will eventually take place.

A swap is an agreement between two or more parties to exchange sets of cash flows over a period in the future. The parties that agree to the swap are known as counterparties. The cash flows that the counterparties make are generally tied to the value of debt instruments or the value of foreign currencies. Therefore, the two basic kinds of swaps are interest rate swaps and currency swaps.

想要更多金融分析師考試模擬試題嗎?想要第一時(shí)間了解金融分析師考試的考試大綱嗎?想要得到2013年金融分析師考試的最新資訊嗎?來唯學(xué)網(wǎng)金融分析師培訓(xùn)頻道吧,唯學(xué)網(wǎng)是一個(gè)大型的教育考試培訓(xùn)平臺(tái),各種各樣的考試信息教育新聞小編都會(huì)第一時(shí)間為大家更新提供!敬請(qǐng)大家關(guān)注!

 附件  [大。300.00 KB 下載: 次]
點(diǎn)擊下載文件:附件.doc
0% (0)
0% (10)
已有條評(píng)論