2020年CFA考試《CFA三級(jí)》考試共240題，分為單選題。小編每天為您準(zhǔn)備了5道每日一練題目（附答案解析），一步一步陪你備考，每一次練習(xí)的成功，都會(huì)淋漓盡致的反映在分?jǐn)?shù)上。一起加油前行。

1、Evaluate the comment made by the manager of Fund B with respect to the box-spread strategy. The manager is:【單選題】

A.correct.

B.

C.

正確答案:A

答案解析:A box spread is a combination of bull and bear spread but using only two strike prices. It will have a known ending value. If 

2、【單選題】

A.Portfolio 1

B.Portfolio 2

C.Portfolio 3

正確答案:B

答案解析:B is correct. In the case of a single liability, immunization is achieved by matching the bond portfolio’s 

3、【單選題】

A.No, the procedures regarding record retention are inconsistent.

B.No, the procedures regarding portfolio review are inconsistent.

C.No, the procedures regarding investigation of complaints are inconsistent.

正確答案:C

答案解析:C is correct. According to the recommendations of Section D(2) of the Asset Manager Code, 

4、【單選題】

A.I strive for a mean–variance efficient portfolio.

B.I construct my portfolio in layers to meet my goals.

C.

正確答案:A

答案解析:A is correct. The client is expressing a portfolio goal that considers expected return and standard 

5、Statement 4 is most consistent with:【單選題】

A.the adaptive markets hypothesis.

B.a behavioral approach to asset pricing.

C.Savage’s subjective expected utility theory.

正確答案:B

答案解析:B is correct. Statement 4 indicates that markets can be influenced by the emotions of others