2019年CFA考試《CFA一級》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，都會淋漓盡致的反映在分?jǐn)?shù)上。一起加油前行。

1、A sample of 240 managed portfolios has a mean annual return of 0.11 and a standard deviation of returns of 0.23. The estimate of the standard error of the sample mean is closest to:【單選題】

A.0.00096.

B.0.00710.

C.0.01485.

正確答案:C

答案解析:“Sampling and Estimation,” Richard A. DeFusco, CFA, Dennis W. McLeavey, CFA, Jerald E. Pinto, CFA, and David E. Runkle, CFA2013 Modular Level I, Vol. 1, Reading 10, Section 3.1Study Session 3– 10– fCalculate and interpret the standard error of the sample mean.C is correct.For a sample, the standard error of the mean is Here, 

2、George Soros, CFA, is a private lender in a local bank.Soros will lend moneyat a stated annual rate of 10% and compounded continuously.The principal andinterest are paid at the end of the loan term.If Soros will lend ￥ 20 000 000 for200 days, based on 365 days in a year, the amount due at the end of the loanterm is closest to:【單選題】

A.￥ 21 095 890

B.￥ 21 126 471

C.￥ 21 142 555

正確答案:B

答案解析:連續(xù)復(fù)利的計(jì)算如下：20 000 000 ×  = 21 126 471 ( ￥ )。

3、An analyst does research about redeemed bonds.A company issues bonds at adiscount, and reports their amortized historical cost.The company redeems thebonds before maturity, when they are trading at a premium.Which of the followingstatements is most accurate?【單選題】

A.Bonds payable is reduced by the amount of the bonds' market value.

B.Bonds payable is increased by the amount of the bonds' face value.

C.Bonds payable is reduced by the amount of the bonds' carrying value.

正確答案:C

答案解析:根據(jù)規(guī)定：應(yīng)付債務(wù)減少額度與已贖回債務(wù)的賬面價(jià)值(carrying value)有關(guān)。

4、For a 90-day US Treasury bill selling at a discount, which of the following methods most likely resultsin the highest yield?【單選題】

A.Money market yield (MMY)

B.Bond equivalent yield (BEY)

C.Discount-basis yield (DBY)

正確答案:B

答案解析:The face value is greater than the purchase price because the T-bill sells at a discount.Section 4.1.1

5、In a strategic asset allocation, assets within a specific asset class are least likely to have:【單選題】

A.low paired correlations.

B.low correlations with other asset classes.

C.similar risk and return expectations.

正確答案:A

答案解析:In a strategic asset allocation, assets within a specific asset class have high paired correlations andlow correlations with other asset classes.Section 3.2