FRM真題的練習對于備考中的考生是非 常重要的,尤其是臨近FRM考試,考生一定要做大量的練習題,尤其是近幾年的FRM真題。近日有考生咨詢,想做FRM真題,有例題解析嗎?下面是小編列舉的相關(guān)例題,一起了解一下!

Regarding the pricing of fixed-income investments with binomial trees, a risk-neutral approach assumes that the value of the asset:>>>點擊領取2021年FRM備考資料大禮包(戳我免·費領?。?/span>

A) Does not change

B) Changes in a random way

C) Grows at the risk-free rate

D) Grows at the rate of expected returns.

答案:C

解析:Arisk-neutral approach is one in which the value of the underlying asset is assumed to grow at the risk-free rate.

掃碼咨詢

Which of the following statements concerning the calculation of value at a node in a binomial interest rate tree is most accurate? The value at each node is the:

A) present value of the two possible values from the next period.

B) sum of the present values of the two possible values from the next period.

C) average of the future values of the two possible values from the next period.

D) average of the present values of the two possible values from the next period.

答案:D

解析:The value at any given node in a binomial tree is the present value of the cash flows at the two possible states immediately to the right of the given node, discounted at the 1-period rate at the node under examination.

如果想要獲得更多關(guān)于FRM考試的真題解析,點擊在線咨詢或者添加融躍老師微信(rongyuejiaoyu)!