2020年CFA考試《CFA三級》考試共題，分為。小編為您整理Asset Allocation and Related Decisions in Portfolio Management (1)5道練習(xí)題，附答案解析，供您備考練習(xí)。

1、【單選題】

A.Portfolio 1

B.Portfolio 2

C.Portfolio 3

正確答案:A

答案解析:A is correct. Portfolio 1 best meets the Laws’ education goal for their children. The 

2、When evaluating the asset classes in Exhibit 1, Roth would most likely criticize the specification of which of the following asset classes?【單選題】

A.Mid cap equities

B.Taxable municipal bonds

C.All Commodities Index

正確答案:A

答案解析:

3、【單選題】

A.these asset classes can be readily diversified to eliminate idiosyncratic risk.

B.

C.

正確答案:C

答案解析:C is correct. Less liquid asset classes—such as direct real estate, infrastructure, and private equity—represent unique challenges 

4、【單選題】

A.

B.less liquid asset classes.

C.taxable clients with high capital gains tax rates.

正確答案:A

答案解析:A is correct. Higher-risk assets should have a wider corridor to avoid frequent, costly rebalancing. Beade’s other suggestions are 

5、【單選題】

A.$925,000.

B.$1,425,000.

C.$1,675,000.

正確答案:A

答案解析:A is correct. The Laws’ economic net worth is closest to $925,000. An economic balance sheet includes conventional financial assets and liabilities, as well as extended portfolio assets and liabilities that are relevant in making asset allocation decisions. The economic balance sheet for the Law family is shown in the following exhibit.